P4-7 Finding operating and free cash flows Consider the following balance sheets and selected data from the income statement of Keith Corporation. Keith Corporation Balance Sheets Summary: Long- and Short-Term Financial Planning Total assets $23,000 $21,800 Liabilities and stockholders' equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Thisyear$1,600Lastyear$1,500 2,800 2,200 200 300 $4,600 $4,000 5,000 5,000 $9.600 $9,000 $10,000 $10,000 3,400 2.800 $13,400 $12,800 $23,000 $21,800 Keith Corporation Income Statement Data (This year) a. Calculate the firm's net operating profit after taxes (NOPAT) for this year using Equation 4.10 . b. Calculate the firm's operating cash flow (OCF) for the year using Equation 4.31 , c. Calculate the firm's free cash flow (FCF) for the year using Equation 4.40. d. Interpret, compare, and contrast your cash flow estimates in parts b and c