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Balance Sheets Assets 2018 2017 Cash and equivalents $100 $85 275 300 Accounts receivable Inventories 375 250 $750 2,300 $3,050 $635 1,490 $2,125 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities $150 75 $85 50 150 75 $375 $210 450 290 825 500 Common stock 1,225 400 Retained earnings Common equity Total liabilities and equity 1,225 1,000 2,225 $3,050 1,625 $2,125 Income Statements 2018 2017 $2,500 1,250 $1,600 1,000 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT $600 $1,250 100 $1,150 75 $525 Interest 62 45 EBT $1,088 $480 435 192 Taxes (40%) Net income $653 $288 Dividends paid $53 $48 TOlal domicies and equity Income Statements 2018 2017 Sales Operating costs excluding depreciation and amortization $2,500 1,250 $1,600 1,000 EBITDA $600 $1,250 100 Depreciation and amortization 75 EBIT $525 $1,150 62 Interest 45 $480 EBT Taxes (40%) Net income $1,088 435 192 $653 $288 $53 Dividends paid Addition to retained earnings $48 $240 $600 Shares outstanding 100 100 Price $22.50 $25.00 10.00% WACC The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. Using the financial statements given above, what is Rosnan's 2018 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest dollar. $ 102

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