Use the financial statements and additional data provided by management to calculate the fim's Free Cash Elow for the projected year Tax rate : 25% Plans for the projected year will require $1,000 of new machinery and equipment Firm expects next year's dividend to be $260 Acme Products Inc Acme Products, Inc Balance Sheets Income Statement ASSETS current y yr 7,500 3.500 4,000 400 500 Salos (all credit) 400 600750 Cost of Goods Sold 900 1,125 Gross Prost 2.200 2.750 4100 5,125 Depreciation Property, plant& Operating Total assets Operating income 2,200 100 LIABILITIES &EQUITY Interest expense 500 625 Taxable income 2-100 Accounts payables Accrued expenses Long serm dobi Common stock Paid-in Caphal 50 1,750 750 200 250 1.000 12 100 5,125 Taxes (25%) Net income 1,400 1,575 Retaned earmings Totail iabiltiers and equity F3 F7 F8 F9 F10 F11 F12 5 6 8