Powell Panther Corporation: Income Statements for Year Ending December 31 (millions of dollars) Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) Write out your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest dollar, if necessary. Negative values, it any, should be indicated by a minus sign. a. What was net operating working capital for 2020 and 2021 ? Assume the firm has no excess cashi: 2020:52021=5 b. What was the 2021 free cash fow? 3 c. How would you explain the large increase in 2021 dividends? 1. The large increase in free cash flow frem 2020 to 2021 explains the large increase is 2021 dividends. it. The large increase in net income from 2020 to 2021 explains the large increace in 2021 dividends. III. Then large increase in cotf from 2020 to 2021 explains the large increate in 2021 aividenas. IV. The large inerease in sales from 2020 to 2021 6xplains the large increase in 2021 dividenas. V. The large incresse in refaineit earfings hom 2020 to 2021 explains the isroe inorese in 2021 dividenft