Using the new tax laws provided in the textbook Corporate Finance: A Focused Approach (7th edition) by Ehrhart and Brigham: the new tax rate applies a flat 21% rate to taxable income

I have provided the new flat tax rate given by my instructor but I am unsure of what othet information is needed to answer.

(2-12) Free Cash Flows CHALLENGING PROBLEMS 12-13 Using Rhodes Corporation's financial statements (shown after Part f), answer the following questions a. What is the net operating profit after taxes (NOPAT) for 2016? 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 2016? e. What is the ROIC for 2016? 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) 2016 2015 Sales $11,000 $10,000 Operating costs excluding depreciation 9.360 8,500 Depreciation and amortization 380 360 Earnings before interest and taxes $ 1.260 $ 1.140 Less interest 120 100 Pre-tax income S 1.140 $ 1,040 Taxes (40%) 456 416 Net income available to common stockholders s 684 $ 624 Common dividends $ 220 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash Short-term investments 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 $1,000 500 200 $1,700 1.000 $2,700 4.400 1,000 $5,400 58.100 $5.776 $8.910 (2-12) Free Cash Flows CHALLENGING PROBLEMS 12-13 Using Rhodes Corporation's financial statements (shown after Part f), answer the following questions a. What is the net operating profit after taxes (NOPAT) for 2016? 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 2016? e. What is the ROIC for 2016? 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) 2016 2015 Sales $11,000 $10,000 Operating costs excluding depreciation 9.360 8,500 Depreciation and amortization 380 360 Earnings before interest and taxes $ 1.260 $ 1.140 Less interest 120 100 Pre-tax income S 1.140 $ 1,040 Taxes (40%) 456 416 Net income available to common stockholders s 684 $ 624 Common dividends $ 220 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash Short-term investments 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 $1,000 500 200 $1,700 1.000 $2,700 4.400 1,000 $5,400 58.100 $5.776 $8.910