Cheddar Docker is preparing a presentation that analyzes the valuation of the common stock of Cheasy Corporation Docker has prepared preliminary valuations of Cheasy using a FCFF model. Cheasy's 2018 and 2019 financial statements, contained in Exhibits 1 and 2, are prepared in accordance with US GAAP (in millions). Exhibit 1. Cheasy Corporate Partial Consolidated Balance Sheet (As of December 31) 2019 2018 Assets Current assets Cash and cash equivalents 477 491 Accounts receivable 750 750 Inventories 727 713 Total current assets Net fixed assets 3,527 3,445 Total assets 472 422 Liabilities and shareholders' equity Current liabilities Accounts payable Accrued taxes and expenses Notes payable Totalcaurentinabilities 168 140 455 467 Cam CUFTLITEWIG Accounts payable Accrued taxes and expenses 472 422 168 140 Notes payable 455 467 Total current liabilities Long-term debt 1,543 1.465 Common stock 511 593 Retained earnings Total liabilities and shareholders' equity Exhibit 2. Cheasy Corporation Consolidated Income Statement for the Year Ended 31 December 2019 (USS Millions) Total revenues 3,841 1.049 845 Cost of goods sold Selling general, and administrative expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation expense Operating income 292 Interest expense 141 Pretax income Income tax (at 32 percent) Net Income Your task is to calculate the FCFF Alle