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Free Cash Flow ( FCF ) Carter Swimming Pools has $ 1 8 million in net operating profit after taxes ( NOPAT ) in the

Free Cash Flow (FCF)
Carter Swimming Pools has $18 million in net operating profit after taxes (NOPAT) in the current year. Carter has $12 million in total net operating assets in the current year and had $8 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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