#5 Consider recent financials for Ellie's Essentials LLC: Balance Sheet Current Assets Net PPE Total Assets G unanswered not_submitted 2019 Attempts Remaining: Infinity 2020 $11,460.00 $10,000.00 $31,000.00 $30,000.00 $42,460.00 $40,000.00 Current Liabilities $8,747.00 $8,000.00 Long-term debt $13,729.00 $12,000.00 Total Liabilities $22,476.00 $20,000.00 Shareholder Equity $19,984.00 $20,000.00 Liabilities and Equity $42,460.00 $40,000.00 Income Statement 2020 2019 SALES $11,000.00 $10,000.00 COGS $4,400.00 $4,000.00 GROSS PROFIT $6,600.00 $6,000.00 S&A $1,100.00 $1,000.00 Depreciation $550.00 $500.00 EBIT INTEREST $4,950.00 $4,500.00 $1,272.00 $1,200.00 EBT TAXES (39.00%) NET INCOME $3,678.00 $3,300.00 $1,434.42 $1,287.00 $2,243.58 $2,013.00 Going forward, analysts have forecasted the following free cash flows: $2,650.00 in 2021, and $2,600.00 in 2022. After that point, analysts expect free cash flows to grow at 4.00%. The firm has no short-term debt or preferred stock, and there are 1,000 shares outstanding. The firm's cost of capital is 11.00%. Find the free cash flow for the firm in 2020. Submit Answer format: Currency: Round to: 2 decimal places. Show Hint