With EBIT of $7500 and Taxes of $1400, calculate the firm's free cash flow. 2011 2010 2011 2010 Liabilities & ASSETS Stockholder Equity Cash 3500 3000 Acct Payable 1800 1300 AR 7800 7000 Notes Payable 4800 4200 Inventories 4900 4800 Accruels 1500 1700 Current 16400 14700 Total Current Assets Liabilities 9600 9000 Gross Assets 15500 12400 Long-term debt 6000 6000 Less: Depreciation 14700 12300 Common Stock 11000 11000 Net Fixed Assets 16800 17000 Retained Earnings 6400 5800 Total Assets 33000 31800 Total Stockholder Equity 17400 16800 TOTAL L&SE 33000 31800