Environ Systems is a firm that specializes in cleaning environmental damage (waste disposal) and specialty chemicals. The income statement is reported below:

Revenues$1,000  - Cost of goods sold 

550

- Depreciation150Operating Profit (EBIT)  300  - Interest expenses100Taxable Income

200    Taxes

60Net Income

$140 

You are also provided with the following information:

• The firm reported capital expenditures of $ 50 million in the most recent year and also made two acquisitions - one for $125 million (using cash) and one for $75 million (using stock).
• The working capital, inclusive of cash, increased from $80 million at the beginning of the year to $105 million at the end of the year; the firm's cash balance decreased by $15 million during the year and it has no short term debt.

1. Estimate the free cashflow to the firm for the most recent year.