Free Cash Flows Rhodes Corporations financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales $ 11,000 $ 10,000 Operating costs excluding depreciation 9,560 8,690 Depreciation and amortization 360 330 Earnings before interest and taxes $ 1,080 $ 980 Less interest 220 200 Pre-tax income $ 860 $ 780 Taxes (25%) 215 195 Net income available to common stockholders $ 645 $ 585 Common dividends $ 201 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 450 $ 400 Short-term investments 210 200 Accounts receivable 2,750 2,500 Inventories 1,650 1,500 Total current assets $ 5,060 $ 4,600 Net plant and equipment 3,850 3,500 Total assets $ 8,910 $ 8,100 Liabilities and Equity Accounts payable $ 900 $ 800 Accruals 450 400 Notes payable 174 100 Total current liabilities $ 1,524 $ 1,300 Long-term debt 900 800 Total liabilities $ 2,424 2,100 Common stock 5,342 5,300 Retained earnings 1,144 700 Total common equity $ 6,486 $ 6,000 Total liabilities and equity $ 8,910 $ 8,100 Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions. What is the net operating profit after taxes (NOPAT) for 2020? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number. $ 810 million What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. 2020: $ 7350 million 2019: $ 6700 million What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. 2020: $ 11200 million 2019: $ 10200 million What is the free cash flow for 2020? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number. $ 160 million What is the ROIC for 2020? Round your answer to two decimal places. 50.63 % How much of the FCF did Rhodes use for each of the following purposes: after-tax interest, net debt repayments, dividends, net stock repurchases, and net purchases of short-term investments? (Hint: Remember that a net use can be negative.) Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. After-tax interest payment $ 180 million Reduction (increase) in debt $ -182 million Payment of dividends $ 202.0 million Repurchase (Issue) stock $ -185 million Purchase (Sale) of short-term investments $ 30 million