s preparing a presentation that analyzes the valuation of the common stock of Cheasy Corporation. Docker has prepared preliminary valuations of Cheasy using a FCFF model. Cheasy's 2018 and 2019 financial statements, contained in Exhibits 1 and 2 are prepared in accordance with US GAAP (in millions) Exhibit 1. Cheasy Corporate Partial Consolidated Balance Sheet (As of December 31) 2019 2018 Assets Current assets Cash and cash equivalents 371 356 768 705 Accounts receivable Inventories 730 725 Total current assets Net fixed assets 3,406 3,898 Total assets Liabilities and shareholders' equity Current liabilities Accounts payable 444 403 Accrued taxes and expenses 136 152 Notes payable 419 450 Total current liabilities Long term debt 1,651 1.470 Common stock 585 508 Retained earnings Total liabilities and shareholders' equity Exhibit 2. Cheasy Corporation Consolidated Income Statement for the Year Ended 31 December 2019 (US$ Millions) Total revenues 3,391 1,132 746 Cost of goods sold Selling, general, and administrative expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation expense 295 Operating income Interest expense 125 Pretax income Income tax (at 26 percent) Net income Your task is to calculate the FCFF Write your answer in decimal form and round it to two decimal places. Your answer will be in millions, for example - if you get 234.24, you can write 234.24 - but in fact, it is 234.24 "millions": Hint To get the balance sheet data, remember that assets are equal to liabilities plus shareholders' equity