18. NOWC = OCA-OCL A company's financials show the following 2016 Total Current Assets $15 million 2016 Total Current Liabilities $10 million 2016 Notes Payable of $2 million 2015 Net Operating Working Capital of $5 million 2016 EBIT of $20 million 2016 Depreciation and Amortization of $5 million 2016 Capital Expenditures of $5 million 2016 Net Fixed Assets of $10 million 2016 Tax rate of 40%; WACC of 10% 2016 Equity of $9 million 2016 Stock Price of $10 per share 2016 Shares outstanding of 1.5 million 2016 Interest of 5 million a) Calculate the Free Cash Flow for 2016 b) List 3 ways that free cash flow can be utilized Calculate the Net Income for 2016 18. NOWC = OCA-OCL A company's financials show the following 2016 Total Current Assets $15 million 2016 Total Current Liabilities $10 million 2016 Notes Payable of $2 million 2015 Net Operating Working Capital of $5 million 2016 EBIT of $20 million 2016 Depreciation and Amortization of $5 million 2016 Capital Expenditures of $5 million 2016 Net Fixed Assets of $10 million 2016 Tax rate of 40%; WACC of 10% 2016 Equity of $9 million 2016 Stock Price of $10 per share 2016 Shares outstanding of 1.5 million 2016 Interest of 5 million a) Calculate the Free Cash Flow for 2016 b) List 3 ways that free cash flow can be utilized Calculate the Net Income for 2016