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? 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.) Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 $11,000 9,612 380 $ 1,008 120 Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less interest Pre-tax income Taxes (25%) Net income available to common stockholders Common dividends 2019 $10,000 8,728 360 $ 100 912 $ 888 $ 812 222 203 $ 666 $ 609 $ 200 $ 202 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash Short-term investment Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 550 110 2,750 1,650 $5,060 3,850 $8,910 $ 500 100 2,500 1,500 $4,600 3,500 $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