please show workings in each step and answer correctly

Jenny Cochran, a graduate of the University of Tennessee with 4 years of experience as an equities analyst, was recently brought in as assistant to the chairman of the board of Computron Industries, a manufacturer of computer components. During the previous year, Computron had doubled its plant capacity, opened new sales offices outside its home territory, and launched an expensive advertising campaign. Cochran was assigned to evaluate the impact of the changes. She began by gathering financial statements and other data. Note: These are available in the file Ch02 Tool Kit.xlsx in the Mini Case tab. May not be copied, scanned, or duplicated, in whole or in part. Due to clecironic rights, poeme third party coonene may be suppres sed from the ellook and or eChaperris ss noce materially affect the overall leaming experience. Cergage leaming reserves the night wo remore aditional oveteet at any time if subuequent righes restrictiens re. Part 1 The Company and Its Environment Statement of Cash Flows Operating Activities Net income ($95,136) Adjustments: Noncash adjustments: Depreciation and amortization 116,960 Changes in working capital: Change in accounts receivable Change in inventories Change in accounts payable Change in accruals Net cash provided (used) by operating activities Investing Activities Cash used to acquire fixed assets Change in short-term investments Net cash provided (used) by investing activities (280,960)(572,160)178,400148,960($503,936) Financing Activities Change in notes payable Change in long-term debt ($711,950)($683,600 Change in common stock Payment of cash dividends Net cash provided (used) by financing activities Summary Net change in cash Cash at beginning of year Cash at end of year 5520,000676,568(11,000)$1,185,568(S1,718)9,000$7,282 following questions for Meissner: What effect did the expansion have on sales and net income? What effect did the expansion have on the asset side of the balance sheet? What effect did it have on liabilities and equity? b. What do you conclude from the statement of cash flows? c. What is free cash flow? Why is it important? What are the five uses of FCF? Chapter 2 Financial Statements, Cash Flow, and Taxes 99 d. What is Computron's net operating profit after taxes (NOPAT)? What are operating current assets? What are operating current liabilities? How much net operating working capital and total net operating capital does Computron have? e. What is Computron's free cash flow (FCF)? What are Computron's "net uses" of its FCF? f. Calculate Computron's return on invested capital (ROIC). Computron has a 10% cost of capital (WACC). What caused the decline in the ROIC? Was it due to operating profitability or capital utilization? Do you think Computron's growth added value? g. Cochran also has asked you to estimate Computron's EVA. She estimates that the after-tax cost of capital was 10% in both years. h. What happened to Computron's Market Value Added (MVA)? i. Assume that a corporation has 5100,000 of taxable income from operations plus $5,000 of interest income and $10,000 of dividend income. What is the company's federnl tax liability? 1. Assume that you are in the 25% marginal tax bracket and that you have $5,000 to invest. You have narrowed your investment choices down to Califormia bonds with a yield of 7% or equally risky ExxonMobil bonds with a yield of 10\%. Which one should you choose and why? At what marginal tax rate would you be indifferent to the choice Getween California and Eirron Mabil honde