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Shinra Electric Power Company has the following Income statement and balance sheet for 1988. The firm paid out 50% of it's Net Income as Dividends.

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Shinra Electric Power Company has the following Income statement and balance sheet for 1988. The firm paid out 50% of it's Net Income as Dividends. What is the firms Cash Flow From Assets from the Free Cash Flow Perspective? (in this problem you must use the Free Cash Flow method to get CFFA, using the Investors perspective method will not give you the same answer due to the limitations of the syster.) (Round to nearest penny and do not enter commas, eg. 123456) 1988 Income Statement Revenue 247116 Costs 32946 Depreciation 15859 Ebit Interest Expense 7187 Taxable income Tax Expense @ 22% Net Income 1988 Balance Sheet Year 1987 1988 1987 1988 Current Assets 15351 18421 Current Liabilities 17099 15222 Fixed Assets 145417 168196 Long-Term Debt 133304 142305 Common Stock 36351 35091

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