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You are a research analyst for Bedrock Capital Management and are considering investing in Evergreen Landscaping, a chain of franchised landscaping businesses located in the

You are a research analyst for Bedrock Capital Management and are considering investing in Evergreen Landscaping, a chain of franchised landscaping businesses located in the Midwest. No sales of PP&E have taken place this year. You are trying to build some cash flow numbers for the calculation of Discounted Cash Flow valuation. The tax rate is 35%. There are no sales of PP&E in the current year. Using the table below, what is the Free Cash Flow to the Firm (FCFF)?
\table[[\table[[Cash Flow],[From],[Operating]],,\table[[Cash Flow],[from],[Investing]],,\table[[Cash Flow],[from],[Financing]],,\table[[Income],[Statement]],],[Net Income,NA,\table[[Capex -],[Purch of],[PP&E]],-812,\table[[Revolving],[Credit],[Facility]],-152,Revenue,91,248],[\table[[],[Amort]],871,,,\table[[Dividends],[Paid]],-803,\table[[Cost of Goods],[Sold]],77,067],[\table[[Accounts],[Receivable]],-2,877,,,\table[[Long Term],[Debt]],293,Gross Profit,14,181],[Inventory,-1189,,,,a,\table[[],[Benefits]],2,212],[\table[[Prepaid],[Expenses]],0,,,,,Rent,1,763],[\table[[Accounts],[Payable]],42,,,-,,\table[[Depreciation],[],[Amortization]],871],[ST Notes,6,,,,1,,\table[[Interest],[Expense]],532]]
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