Use the given financial information in the book under P 4-6 to answer the following questions. a. Calculate the firm's net operating profit after taxes (NOPAT) for the year ended December 31, 2019, using Equation 4.1. (2 pts) b. Calculate the firm's operating cash flow (OCF) for the year ended December 31, 2019, using Equation 4.3. (2 pts) c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2019 using the equation in Power Point Slide 30. (4 pts) d. Interpret, compare, and contrast your cash flow estimates in parts b and c. (2 pts) P4-6 Finding operating and free cash flows Consider the following balance sheets and selected data from the income statement of Keith Corporation. Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $ 1,500 $ 1,000 Marketable securities 1,800 1,200 Accounts receivable 2,000 1,800 Inventories 2,900 2,800 Total current assets $ 8,200 $ 6.800 Gross fixed assets $29,500 $28.100 Less: Accumulated depreciation 14,700 13,100 Net fixed assets $14,800 $15,000 Total assets $23,000 $21,800 (continued) Keith Corporation Balance Sheets (continued) 2018 $ 1,500 Liabilities and stockholders' equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity December 31 2019 $ 1,600 2,800 2,200 200 300 $ 4,600 $ 4,000 5,000 5,000 $ 9,600 $ 9,000 $10,000 $10,000 3,400 2,800 $13,400 $12,800 $23,000 $21,800 Keith Corporation Income Statement Data (2019) Depreciation expense $1,600 Earnings before interest and taxes (EBIT) 2,700 Interest expense Net profits after taxes 1,400 Tax rate 21% 367