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)? Cash Flow From Operating Net Income NA Deprec & Amort Accounts Receivable 871 Accounts Payable -3,337 Inventory -1189 Prepaid Expenses 0 42 ST Notes 6 Cash Flow from Investing Capex - Purch of PP&E Cash Flow from Financing Revolving -899 Credit Facility Dividends Paid Long Term Debt Income Statement -152 Revenue -803 Cost of Goods Sold 329 Gross Profit Salaries & Benefits Rent Depreciation & Amortization Interest Expense 91,248 77,067 14,181 2,939 1,608 871 532

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)