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Question 1) (15 points) In 2021, Custom Furniture had $6,500,000 in operating income (EBIT). The company had a net depreciation expense of $1,000,000 and an

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Question 1) (15 points) In 2021, Custom Furniture had $6,500,000 in operating income (EBIT). The company had a net depreciation expense of $1,000,000 and an interest expense of $1,000,000; its corporate tax rate was 30%. The company had $14,000,000 in operating current assets and $4,000,000 in operating current liabilities; it had $15,000,000 in net plant and equipment. It estimates that it has an aftertax cost of capital of 10%. Assume that Custom Furniture's only noncash item was depreciation. 1) What was the company's net cash flow in 2021 ? (3 points) 2) What was the company's net operating profit after taxes (NOPAT) in 2021 ? (3 points) 3) Culculate net operating working capital and total net operating capital for 2021. (3 points) 4) If total net operating capital in 2020 was 524,000,000, what was the company's free cash flow (FCF) for 2021? (3 points) 5) What was the company's Economic Value Added (EVA) in 2021?(3 points)

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