Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales $2,600.0 $2,000.0 1,700.0 2,210.0 Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes 59.0 54.0 $331.0 $246.0 Less Interest 56.0 43.0 Pre-tax income $275.0 $203.0 Taxes (40%) 110.0 81.2 Net income available to common stockholders $165.0 $121.8 Common dividends $149.0 $97.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash $25.0 $20.0 Short-term investments 13.0 10.0 Accounts receivable 264.0 220.0 Inventories 416.0 320.0 Total current assets $718.0 $570.0 Net plant and equipment 594.0 540.0 Total assets $1,312.0 $1,110.0 Liabilities and Equity Accounts payable $225.0 $180.0 Accruals 161.0 140.0 Notes payable 52.0 40.0 Total current liabilities $438.0 $360.0 Long-term debt 520.0 400.0 Total liabilities $958.0 $760.0 Common stock 301.0 313.0 53.0 37.0 Retained earnings Total common equity Total liabilities and equity $354.0 $350.0 $1,312.0 $1,110.0 d. What is the free cash flow for 2016? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to one decimal place. $ million e. What is the ROIC for 2016? Round your answer to two decimal places. % f. 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.) Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to one decimal place. After-tax interest payment million Reduction (increase) in debt $ million Payment of dividends million Repurchase (Issue) stock million $ $ million Purchase (Sale) of short-term investments