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begin{tabular}{l} Revenve Growth CoGs SG&A Net working capital (NWG) hline Revenue Growth (S thousands) COGS Gross Proft hline

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\begin{tabular}{l} Revenve Growth \\ CoGs \\ SG\&A \\ Net working capital (NWG) \\ \hline Revenue Growth (S thousands) \\ COGS \\ Gross Proft \\ \hline SGEA \\ \hline Depreclation \\ E8IT \\ \hline NOPAT \\ \hline Less Taxes \\ \hline \end{tabular} Add Depreciation tess: capital expenditures Less: increase in NWC Free Cash flows = \begin{tabular}{l} Revenve Growth \\ CoGs \\ SG\&A \\ Net working capital (NWG) \\ \hline Revenue Growth (S thousands) \\ COGS \\ Gross Proft \\ \hline SGEA \\ \hline Depreclation \\ E8IT \\ \hline NOPAT \\ \hline Less Taxes \\ \hline \end{tabular} Add Depreciation tess: capital expenditures Less: increase in NWC Free Cash flows =

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