Please, explain in detail how to calculate f)

4 Part The Company and its Environment (2-18) Free Cash Flows CHALLENGING PROBLEMS 18-19 Rhodes Corporation's financial statements are shown after part f. Suppose the federal plus-state tax corporate tax is 25%. Answer the following questions, a. What is the net operating profit after taxes (NOPAT) for 2020? 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 2020? e. What is the ROIC for 2020? How much of the FCF did Rhodes use for each of the following purposes after-tax interest, net debt repayments, dividends, net stock repurchases, 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) 2020 2019 $11,000 $10.000 Operating costs excluding depreciation 9,612 8,729 360 Depreciation and amortization Earnings before interest and taxes $ 1,008 $ 912 Less interest 120 100 Pre-tax income $ 888 $ BIZ 222 Taxes (25%) 203 Net income available to common stockholders $ 666 $ 609 Common dividends $ 202 $ 200 Sales 380 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 550 $ 500 Short-term investments 110 100 Accounts receivable 2,750 2,500 Inventories 1,650 1,500 Total current assets $5,060 $4,600 Net plant and equipment 3,850 3,500 Total assets $8.910 $8,100 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $1,100 550 384 $2,034 1,100 $3,134 4,312 1,464 $5,776 $8,910 $1,000 500 200 $1,700 1,000 $2,700 4,400 1.000 $5,400 $8.100