Income Statement	2019	2020
Total Revenue	82,678.0	95,679.0
Cost of Goods Sold	(22,356.0)	(28,450.0)
Gross Profit	60,322.0	67,229.0
Selling General & Admin Expense	(22,586.0)	(22,104.0)
R & D Expense	(7,838.0)	(7,619.0)
Depreciation	(5,494.0)	(5,420.0)
Operating Income	24,404.0	32,086.0
Net Interest Expense	(716.0)	(613.0)
Currency Exchange Gains (Loss)	(176.0)	(232.0)
Other Non-Operating Inc. (Exp.)	1,462.0	678.0
EBT Excl. Unusual Items	24,974.0	31,919.0
Other Unusual Items	(6,474.0)	(2,623.0)
EBT Incl. Unusual Items	18,500.0	29,296.0
Income Tax Expense	(4,625.0)	(7,324.0)
Net Income	13,875.0	21,972.0
Effective Tax Rate %	25.0%	25.0%
Balance Sheet	2019	2020
ASSETS
Cash	50,234.0	43,568.0
Marketable Securities	7,715.0	7,492.0
Accounts Receivable	16,860.0	17,714.0
Inventory	6,783.0	9,578.0
Total Current Assets	81,592.0	78,352.0
Net Property, Plant & Equipment	20,318.0	30,865.0
Long-term Investments	20,590.0	35,299.0
Total Assets	122,500.0	144,516.0
LIABILITIES
Accounts Payable	4,536.0	4,656.0
Accrued Expenses	5,257.0	5,382.0
Short-term Bank Borrowings	6,463.0	6,407.0
Curr. Port. of Long-Term Debt	4,226.0	547.0
Curr. Income Taxes Payable	437.0	477.0
Total Current Liabilities	20,919.0	17,469.0
Long-Term Debt	31,545.0	45,433.0
Total Liabilities	52,464.0	62,902.0
Total Preferred Equity	10,516.0	10,327.0
Total Common Equity	59,520.0	71,287.0
Total Liabilities and Equity	122,500.0	144,516.0

Assume 2% of annual revenue is required for operating cash for net-working capital.

Calculate the following for the company in 2020 and write in your answers:

1) EBIT

2) NOPAT

3) Investment in Operating Net Working Capital (cash flow impact, change from 19-20)

4) CapEx

5) Free Cash Flow