You have gathered this information on a firm: $516,000 sales, $11,600 cash dividends, $308,000 cost of goods sold, $23,200 administrative expense, $23,200 depreciation expense, $46,400 interest expense, $11,600 purchase of productive equipment, no changes in working capital, and a tax rate of 21%. What is the free cash flow?

Multiple Choice

$91,008

$142,208

$149,008

$159,008