Cumberland Industries: Income Statement	2020
(In thousands of dollars)
Sales	$850,000
Operating costs excluding depreciation	$467,500
EBITDA	$382,500
Depreciation (Cumberland has no amortization charges)	$12,000
EBIT	$370,500
Interest expense	$15,000
EBT	$355,500
Taxes (35%)	$124,425
Net income	$231,075
Cumberland Industries December 31 Balance Sheets	2020	2019
(In thousands of dollars)
Assets
Cash and cash equivalents	$130,000	$74,625
Short-term investments	30,657	15,100
Accounts Receivable	108,470	85,527
Inventories	56,450	34,982
Total current assets	$325,577	$210,234
Net fixed assets	150,000	42,436
Total assets	$475,577	$252,670
Liabilities and equity
Accounts payable	$30,761	$23,109
Accruals	30,405	22,656
Notes payable	12,717	14,217
Total current liabilities	$73,883	$59,982
Long-term debt	80,263	63,914
Total liabilities	$154,146	$123,896
Common stock	$97,797	$90,000
Retained earnings	223,634	38,774
Total common equity	$321,431	$128,774
Total liabilities and equity	$475,577	$252,670
Part a) Calculate the most recent years Free Cash Flow (FCF) of the firm.
Part b) Calculate Return on Invested Capital (ROIC) of the firm. Did Growth Add Value? You can assume WACC = 20%.
Part c) What is the most recent year total dividend payment of the firm?

just need help with part b