items from income and cash flow statements (millions NOK) 2016 2017 (pro forma) 110.0 121.0 Sales Operating expenses (excl. depr. and amort.) 54.5 57.5 17.0 17.5 Depreciation and Amortization Interest expenses 12.4 Interest income Dividends 13.0 3.0 3.0 One time Capex on new plant construction Capital expenditure (Capex) 80.0 17.0 Consolidated Balance Sheet (millions NOK) Cash and marketable securities 2.0 0.5 Accounts receivable Inventory Goodwill and intangible assets Cummulative amortization and impairment 15.0 19.0 10.0 13.0 20.5 14.0 225.0 170.0 PPE 226.0 172.2 1.0 1.5 Operating deferred tax assets TOTAL ASSETS 442.5 447.2 26.0 29.0 200.0 210.0 171.2 Accounts payable Book value of debt Common equity Taxes payable Operating deferred tax liabilities TOTAL LIABILITIES and EQUITY 187.5 25.0 34.0 4.0 3.0 442.5 447.2 Necessary cash as percent of sales 2.5% 2.5% 24% Corporate tax rate 2016 2017 Goodwill and intangible assets Goodwill and intangible assets Amortization 14.0 10.0 2.0 1.0 a. [10 pts) Compute the NOPLAT for 2017 with direct method. b. (20 pts] Compute the following variables for 2017: a. EBT b. EBITA C. CASH TAX d. FCF e. NET INCOME f. Invested Capital 2016 consistently with FCF calculation