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You are considering an investment in Fields and Struthers, Incorporated, 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, Incorporated, and want to evaluate the firm's free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $86 million, had a tax rate of 21 percent, and its depreciation expense was $8 million. Fields and Struthers's gross fixed assets increased by $52 million from last year to this year. The firm's currer assets increased by $40 million and spontaneous current liabilities increased by $26 million.
Calculate Fields and Struthers's NOPAT.
Answer is complete but not entirely correct.
NOPAT
$
43.40
million
Calculate Fields and Struthers's operating cash flow.
Note: Enter your answer in millions of dollars rounded to 2 decimal places. (i.e., Enter 5,500,000 as 5.50.)
Answer is complete but not entirely correct.
Operating cash flow
$
48.40
million
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