Free Cash Flows Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 980 2020 2019 Sales $ 13,000 $ 11,000 Operating costs excluding depreciation 11,502 9,630 Depreciation and amortization 430 390 Earnings before interest and taxes $ 1,069 $ Less interest 240 200 Pre-tax income 780 Taxes (25%) 207 195 Net income available to common stockholders $ 621 585 Common dividends 5 205 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 828 2020 2019 Assets $ 450 s 400 130 100 2.750 Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets 2,500 1,700 1,750 $ 5,080 $ 4,700 3.500 3,850 $ 8,930 $ 8, 200 Liabilities Equity Accounts payable $ 900 $ 800 Accruals 450 400 Notes payable 384 200 Total current liabilities $ 1,734 $ 1,400 Long-term debt 900 800 Total liabilities $ 2,634 2200 Common stock 5.180 5.300 Retained earnings 1 116 W00 Total common equity $ 6.296 $ 6.000 Total liabilities and equity $ 8.930 $200 Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions, a Whatrat M a. What is the net operating profit after taxes (NOPAT) for 2020? Enter your answer in millions. For example, an answer of si million should be entered as 1 million s b. 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 ent 2020: 5 million 2019: 5 million c. 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 entere 2020: 5 million 2019: 5 million d. What is the free cash flow for 2020? Enter your answer in millions. For example, an answer of s1 million should be entered as 1, not 1,000,000. Cash outt S million e. What is the ROIC for 2020? Round your answer to two decimal places. % f. 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 ne be entered as 1, not 1,000,000. Round your answers to the nearest whole number. After-tax interest payment S million Reduction (increase) in debt S million Payment of dividends $ million $ million Repurchase (Issue) stock Purchase (Sale) of short-term investments 5 million