The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.

Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent.

Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity Balance Sheets 2019 2018 $100 275 375 $750 2,300 $3,050 $150 75 $85 300 250 $635 1,490 $2,125 $85 50 150 75 $375 $210 450 290 825 500 1,225 1,225 1,000 400 2,225 1,625 $3,050 $2,125 Income Statements Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income Dividends paid Addition to retained earnings Shares outstanding Price WACC 2019 $2,305 1,250 $1,055 100 $955 63 $892 223 $669 $54 $615 100 $25.00 10.00% 2018 $1,305 1,000 $305 75 $230 46 $184 46 $138 $48 $90 100 $22.50