What is free cash flow for Panama Red Inc. in Year 8? Panama Red Inc. Financial Statements ($000s) Year 8 Revenues COGS & SG&A Depreciation $22,956 11,271 748 EBIT 10,937 Interest Income 3,182 Pre-Tax Income 14,275 Taxes 4,854 Net Income $9,421 Year 7 Year 8 Cash $17,236 $23,798 Inventory 4,466 6,510 Current Assets 21,702 30,308 PP&E, Net 1,611 1,903 Goodwill 15,312 19,939 Total Assets $38,625 $52,150 Total Current Liabilities 10,187 10,782 Owners' Equity 28,438 41,368 Total Liabilities & Equity $38,625 $52,150 $7,966 O $7,637 $5,477 $6,354