Slim Shady, the chief executive officer of M&N Corporation, has asked his chief financial officer, Rocky Shamo, to prepare a valuation of M&N for the purpose of selling the company to a private investment partnership. M&N is a profitable $211,533,110 annual sales manufacturer.

Shamo assumes for the next 12 months that M&N's revenues increase by the long-term annual growth rate of 2 percent. She also makes the following assumptions to calculate the free cash flow to the firm for the next 12 months:

• Gross profit margin is 43 percent.
• Depreciation is 5 percent of revenues.
• Selling, general, and administrative expenses are 20 percent of revenues.
• Capital expenditures equal 125 percent of depreciation to support the current level of revenues.
• Additional capital expenditures of 11 percent of incremental revenues are needed to fund future growth.
• Working capital investment equals 7 percent of incremental revenues.
• Marginal tax rate on EBIT is 31 percent.

Your task is to estimate the free cash flow to the firm.

If your answer is negative, please input as a negative number; and round your answer to the nearest integer. For example, input 25,078,043 as your answer.