Quantitative Problem: Rosnan Industries 2013 and 2012 balance sheets and income statements are shown below. Balance Sheets: 2013 2012 $100 275 375 $85 300 250 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $750 2,300 $3,050 $635 1,490 $2,125 $85 50 75 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $150 75 150 $375 450 1,225 1,000 $3,050 $210 290 1.225 400 $2,125 Income Statements: 2013 2012 $1,200 1,000 $200 75 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income $2,600 1,250 $1,350 100 $1,250 62 $1,188 475 $713 $125 45 $80 32 $48 Dividends paid Addition to retained earnings $53 $600 $48 $0 Shares outstanding Price WACC 100 $25.00 10.00% 100 $22.50 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 2013 free cash flow (FCF)? Use a minus sign to indicate a negative FCF