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Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets: 2018 2017 Assets Cash and equivalents $100 $85 Accounts receivable

Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below.

Balance Sheets:
2018 2017
Assets
Cash and equivalents $100 $85
Accounts receivable 275 300
Inventories 375 250
Total current assets $750 $635
Net plant and equipment 2,300 1,490
Total assets $3,050 $2,125
Liabilities and Equity
Accounts payable $150 $85
Accruals 75 50
Notes payable 150 75
Total current liabilities $375 $210
Long-term debt 450 290
Total liabilities $825 $500
Common stock 1,225 1,225
Retained earnings 1,000 400
Total common equity $2,225 $1,625
Total liabilities and equity $3,050 $2,125


Income Statements:
2018 2017
Sales $2,000 $1,400
Operating costs excluding depreciation 1,250 1,000
EBITDA $750 $400
Depreciation and amortization 100 75
EBIT $650 $325
Interest 62 45
EBT $588 $280
Taxes (40%) 235 112
Net income $353 $168
Dividends paid $53 $48
Addition to retained earnings $600 $120
Shares outstanding 100 100
Price $25.00 $22.50
WACC 10.00%


The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.

Using the financial statements given above, what is Rosnan's 2018 free cash flow (FCF)? Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest dollar. $

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