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 9,554 8,692 Depreciation and amortization 370 340 Earnings before interest and taxes $ 1,076 $ 968 Less interest 240 200 Pre-tax income $ 836 $ 768 Taxes (25%) 209 192 Net income available to common stockholders $ 627 $ 576 Common dividends $ 204 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 450 $ 400 Short-term investments 110 100 Accounts receivable 2,750 2,500 Inventories 1,350 1,200 Total current assets $ 4,660 $ 4,200 Net plant and equipment 3,750 3,500 Total assets $ 8,410 $ 7,700 Liabilities and 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 2,200 Common stock 4,153 4,300 Retained earnings 1,623 1,200 Totall common equity $ 5,776 $ 5,500 Total liabilities and equity $ 8,410 $ 7,700 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. $ 807 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: $ million 2019: $ 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: $ million 2019: $ 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. $ million What is the ROIC for 2020? 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