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You are considering an investment in Fields and Struthers, Inc., and want to evaluate the firm's free cash flow. From the income statement, you see

You are considering an investment in Fields and Struthers, Inc., and want to evaluate the
firm's free cash flow. From the income statement, you see that Fields and Struthers
earned an EBIT of $64 million, had a tax rate of 21 percent, and its depreciation expense
was $5 million. Fields and Struthers's NOPAT gross fixed assets increased by $30 million
from 2020 and 2021. The firm's current assets increased by $26 million and spontaneous
current liabilities increased by $15 million.
Calculate Fields and Struthers's NOPAT operating cash flow for 2021.(Enter your answer
in millions of dollars rounded to 2 decimal places.)
Operating cash flow
million
Calculate Fields and Struthers's NOPAT investment in operating capital for 2021.(Enter
your answer in millions of dollars.)
Investment in operating capital
million
Calculate Fields and Struthers's NOPAT free cash flow for 2021.(Enter your answer in
millions of dollars rounded to 2 decimal places.)
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