The following Income Statement and Balance Sheet is for Graduation Company:
$K	2017	2016
Sales	80	20
Operating Costs	40	8
Depreciation	4	2
EBIT	36	10
Less Interest	0.5	0.5
Earnings before Taxes	35.5	9.5
Taxes @ 40%	14.2	3.8
Net Income	21.3	5.7
Balance Sheet
Assets	2017	2016			Liabilities	2017	2016
Cash	20	8			Accounts Payable	15	6
ST Investments	10	4			Accruals	9	3
Accounts Receivable	12	3			Notes Payable	5	2
Inventory	8	2			Total Current Liabilities	29	11
Total Current Assets	50	17			LT Debt	10	5
Net Plant & Equipment	11	8			Total Liabilities	39	16
Total Assets	61	25
					Common Equity	10	6
					Retained Earnings	12	3
					Total Equity	22	9
					Total Liabilities & Equity	61	25
Question : Assume that dividends were projected to be $9.3M in 2017. Would there be any issues from a free cash flow perspective?