Smith Inc. had the following data for 2019: Net income

=$800

; Total assets

=$3,000

; Net operating profit after taxes (NOPAT)

=$700

; and Total operating capital

=$2,000

. Information for 2020 is as follows: Net income

=$1,000

; Total assets

=$2,600

; Net operating profit after taxes (NOPAT)

=$925

; and Total operating capital

=$2,500

. How much free cash flow did the firm generate during the just-completed year?

Smith Inc. had the following data for 2019: Net income =$800; Total assets =$3,000; Net operating profit after taxes (NOPAT) =$700; and Total operating capital =$2,000. Information for 2020 is as follows: Net income =$1,000; Total assets =$2,600; Net operating profit after taxes (NOPAT) =$925; and Total operating capital =$2,500. How much free cash flow did the firm generate during the just-completed year