Silicon Valley Bank has recently published their financial results for FY2023. The Company managed to generate $1.4 billion (bn) in sales with a 30% gross margin and a 5% net margin. Depreciation for the year was $745 million (mm) and fixed capital investment was 65% of depreciation expense. Working capital investment was 7.9% of sales. The company currently has $950 million in debt at 5.25% coupon rate. WACC is estimated to be 35.2% over the next five years where it will fall to 22% onward. The tax rate is 35%.

What is Free Cash Flow to the Firm (FCFF) for 2023?