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Free Cash Flows Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2022 2021 Sales

Free Cash Flows Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2022 2021 Sales $ 13,000 $ 11,000 Operating costs excluding depreciation 11,530 9,628 Depreciation and amortization 430 380 Earnings before interest and taxes $ 1,040 $ 992 Less interest 160 100 Pre-tax income $ 880 $ 892 Taxes (25%) 220 223 Net income available to common stockholders $ 660 $ 669 Common dividends $ 204 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2022 2021 Assets Cash $ 450 $ 400 Short-term investments 220 200 Accounts receivable 2,750 2,500 Inventories 1,850 1,700 Total current assets $ 5,270 $ 4,800 Net plant and equipment 3,750 3,500 Total assets $ 9,020 $ 8,300 Liabilities and Equity Accounts payable $ 900 $ 800 Accruals 450 400 Notes payable 176 100 Total current liabilities $ 1,526 $ 1,300 Long-term debt 900 800 Total liabilities $ 2,426 2,100 Common stock 5,438 5,500 Retained earnings 1,156 700 Total common equity $ 6,594 $ 6,200 Total liabilities and equity $ 9,020 $ 8,300 Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions. What is the net operating profit after taxes (NOPAT) for 2022? 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. $ 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. 2022: $ million 2021: $ 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. 2022: $ million 2021: $ million What is the free cash flow for 2022? 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. $ million What is the ROIC for 2022? Round your answer to two decimal places. % 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 $ million Reduction (increase) in debt $ million Payment of dividends $ million Repurchase (Issue) stock $ million Purchase (Sale) of short-term investments $ million

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