skenerates Financial update as of June 15 Your existing business benerates $147,000 in EBIT. The corporate tax rate applicable to your business is 25%. The depreciation expense reported in the financial statements is $28,000. You don't need to spend any money for new equipment in your existing cafs; however, you do need $22,050 of additional cash. You also need to purchase $11,760 in additional supplies-such as tableclothes and napkins, and more formal tableware-on credit. It is also estimated that your accruals, including taxes and wages payable, will increase by $7,350. ased on your evaluation you have in free cash flow. Fee cash flow can be used for various reasons, including distributing it to stockholders and debtholders. Which of the following is not a use of free ush flow? Distributing dividends to stockholders Acquiring operating assets