P4-5 Finding opcrating and free cash flows Consider the following balance shects and selected data from the income statement of Keith Corporation. 2015 2014 Cash Marketable securites Accounts REAble s 1,500 $ 1,000 1,200 1,800 7.900800 1,800 2,000 Total current amets Gross fixed assets Lew Accumulasted depreciation 29,500$28,100 Net fised asets 14 800 515,000 $23,000 $21800 Total asets Liabilities and stock holders equity Accounts payable Notes payable $ 1,600 1,500 2,800 2,200 Total current liabiditbes Long-trrm debt 4,600 4,000 5,000 5000 9,600 $ 9 000 $10,000 $10,000 3,4002.800 13400 $12,800 Total liababbes and stockbolders' equity $23,000 $21,800 Total iablities Common stock Retamed earnings Toal stockholders' equity CHAPTER 4 Cash Flow and Financial Planning 151 Kath Corporation Income Statement Data 2015) Depreciation expense Earmings before interest and taxes (EBT)2,700 Interest expense Net profits aftes taxes Tax rate $1,600 367 1,400 40% a. Calculate the firm's net operating profit after taxes (NOPAT) for the year ended b. Calculate the firm's operating cash flow (OCF) for the year ended December 31, c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2015 d. Interpret, compare, and contrast your cash flow estimates in parts b and c December 31, 2015, using Equation 4.1. 2015, using Equation 4.3 using Equation 4.4