Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income Balance Sheets: 2017 2016 Cash and equivalents Accounts receivable Inventories $85 300 250 $100 275 375 $750 2,300 $3,050 Total current assets $635 1,490 Net plant and equipment Total assets $2,125 $150 $85 Accounts payable Accruals Notes payable 75 50 150 75 Total current liabilities $210 Long-term debt Common stock Retained earnings Total liabilities and equity $375 450 1,225 1,000 $3,050 290 1,225 400 $2,125 Income Statements: 2017 2016 $1,400 1,000 $400 75 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income $2,300 1,250 $1,050 100 $950 62 $888 355 $533 $325 45 $280 112 $168 Dividends paid Addition to retained earnings $53 $600 $48 $120 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 2017 free cash flow (FCF)? Use a minus sign to indicate a negative FCF