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Carter Swimming Pools has $22 million in net operating profit after taxes (NOPAT) in the current year. Carter has $14 million in total net operating
Carter Swimming Pools has $22 million in net operating profit after taxes (NOPAT) in the current year. Carter has $14 million in total net operating assets in the current year and had $11 million in the previous year. What is its free cash flow? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
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