Rhodes Corporation's financial statements are shown below.

Rhodes Corporation: Income Statements for Year Ending December $31$

$($Millions of Dollars$)$

$2022$

$2021$

Sales

$

$11,000$

$

$10,000$

Operating costs excluding depreciation

$9,578$

$8,700$

Depreciation and amortization

$350$

$340$

Earnings before interest and taxes

$

$1,072$

$

$960$

Less interest

$140$

$100$

Pre$-$tax income

$

$932$

$

$860$

Taxes $(25\%)$

$233$

$215$

Net income available to common stockholders

$

$699$

$

$645$

Common dividends

$

$202$

$

$200$

Rhodes Corporation: Balance Sheets as of December $31($Millions of Dollars$)$

$2022$

$2021$

Assets

Cash

$

$550$

$

$500$

Short$-$term investments

$210$

$200$

Accounts receivable

$2,750$

$2,500$

Inventories

$1,250$

$1,200$

Total current assets

$

$4,760$

$

$4,400$

Net plant and equipment

$3,750$

$3,500$

Total assets

$

$8,510$

$

$7,900$

Liabilities and Equity

Accounts payable

$

$1,100$

$

$1,000$

Accruals

$550$

$500$

Notes payable

$192$

$100$

Total current liabilities

$

$1,842$

$

$1,600$

Long$-$term debt

$1,100$

$1,000$

Total liabilities

$

$2,942$

$2,600$

Common stock

$4,071$

$4,300$

Retained earnings

$1,497$

$1,000$

Total common equity

$

$5,568$

$

$5,300$

Total liabilities and equity

$

$8,510$

$

$7,900$

Suppose the federal$-$plus$-$state tax corporate tax is $25\%.$ Answer the following questions.

What is the net operating profit after taxes $($NOPAT$)$ for $2022?$ Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answer to the nearest whole number.

$ million

What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answers to the nearest whole number.

$2022$: $ million

$2021$: $ million

What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answers to the nearest whole number.

$2022$: $ million

$2021$: $ million

What is the free cash flow for $2022?$ Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number.

$ million

What is the ROIC for $2022?$ Round your answer to two decimal places.

$\%$

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 answers in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answers to the nearest whole number.

After$-$tax interest payment

$ million

Reduction $($increase$)$ in debt

$ million

Payment of dividends

$ million

Repurchase $($Issue$)$ stock

$ million

Purchase $($Sale$)$ of short$-$term investments