1. Calculate XYZs net operating working capital (NOWC), total net operating capital (TOC), net operating profit after taxes (NOPAT), and free cash flow (FCF) for Year 2019.

2. XYZs cost of capital is 12%. Calculate the companys 2019 ROIC. Does XYZs growth add value?

** Please show me all the procedures. Question 1. (CH2, 5 points) 1) Calculate XYZ's net operating working capital (NOWC), total net operating capital (TOC), net operating profit after taxes (NOPAT), and free cash flow (FCF) for Year 2019. 2) XYZ's cost of capital is 12%. Calculate the company's 2019 ROIC. Does XYZ's growth add value? XYZ's Balance Sheets Dec 31 2018 Dec 31 2019 Assets Cash and equivalents Short-term investments Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net plant and equipment Total assets $9,000 $7,282 $48, 600 $20,000 $351,200 $632,160 $715,200 $1,287,360 $1,124,000 $1,946,802 $491,000 $1,202,950 $146,200 $263, 160 $344,800 $939,790 $1,468,800 $2,886,592 Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Common Stock Retained Earnings Total Equity Total Liabilities and Equity $145,600 $324,000 $200,000 $720,000 $136,000 $284,960 $481,600 $1,328,960 $323, 432 $1,000,000 $ 460,000 $ 460,000 $203,768 $97, 632 $663,768 $557, 632 $1,468,800 $2,886,592 XYZ's Income Statement 2018 2019 INCOME STATEMENT Net sales Cost of Goods Sold Other Expenses Depreciation Total Operating costs Earnings before interest and taxes (EBIT) $3,432,000 $2,864,000 $340,000 $18,900 $3,222,900 $5,834,400 $4,980,000 $720,000 $116,960 $5,816,960 Less interest Earnings before taxes (EBT) Taxes (400) Net Income Less: Dividends to common stockholders $209,100 $62,500 $146,600 $58, 640 $87,960 $17,440 $176,000 - $ 158, 560 -$63, 424 -$95, 136 ($11,000.0)