I need d, e, and f

has no debt. federal plus a. Set up an income statement. What is Remdes expected net income? its expected net cash flow? b. Suppose Congress changed the tax laws so that Bemdes depreciation expenses doubled. No changes in operations occurred. What would hap pen to reported profit and to net cash flow? c. Now suppose that Congress changed the tax laws such that, instead of doubling Berndt's depreciation, it was reduced by 50%. How would profit and net cash flow be affected? d. If this were your company, would you prefer Congress to cause your depreciation expense to be doubled or halved? Why? Challenging Problems 12-13 6-12 Free Cash Flows Using Rhodes Corporation's financial statements (shown after part f), answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2018? b. What are the amounts of net operating working capital for both years? c. What are the amounts of total net operating capital for both years? d. What is the free cash flow for 2018? 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 , Fundamental Concepts of Corporate Finance Part 1 e. What is the ROIC for 2018? and net purchases of short-term investments? (Hint: Remember that a net use can be negative.) Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 $11,000 $10,000 Sales 9,360 8,500 Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes 380 360 $ 1,260 $ 1,140 Less interest 120 100 Pre-tax income $ 1,140 $ 1,040 Taxes (40%) 456 416 Net income available to common stockholders $ 684 624 Common dividends $ 220 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash $ 550 $ 500 has no debt. federal plus a. Set up an income statement. What is Remdes expected net income? its expected net cash flow? b. Suppose Congress changed the tax laws so that Bemdes depreciation expenses doubled. No changes in operations occurred. What would hap pen to reported profit and to net cash flow? c. Now suppose that Congress changed the tax laws such that, instead of doubling Berndt's depreciation, it was reduced by 50%. How would profit and net cash flow be affected? d. If this were your company, would you prefer Congress to cause your depreciation expense to be doubled or halved? Why? Challenging Problems 12-13 6-12 Free Cash Flows Using Rhodes Corporation's financial statements (shown after part f), answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2018? b. What are the amounts of net operating working capital for both years? c. What are the amounts of total net operating capital for both years? d. What is the free cash flow for 2018? 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 , Fundamental Concepts of Corporate Finance Part 1 e. What is the ROIC for 2018? and net purchases of short-term investments? (Hint: Remember that a net use can be negative.) Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 $11,000 $10,000 Sales 9,360 8,500 Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes 380 360 $ 1,260 $ 1,140 Less interest 120 100 Pre-tax income $ 1,140 $ 1,040 Taxes (40%) 456 416 Net income available to common stockholders $ 684 624 Common dividends $ 220 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash $ 550 $ 500