$20202019$Sales$$12,000$$$10,000$Operating costs excluding depreciation$10,6408,734$Depreciation and amortization$340330$Earnings before interest and taxes$$1,020$$$936$Less interest$280200$Pre$-$tax income$$740$$$736$Taxes $(25\%)185184$Net income available to common stockholders$$555$$$552$Common dividends$$201$$$200$

Rhodes Corporation: Balance Sheets as of December $31($Millions of Dollars$)$

$20202019$AssetsCash$$550$$$500$Short$-$term investments$110100$Accounts receivable$2,7502,500$Inventories$1,2501,200$Total current assets$$4,660$$$4,300$Net plant and equipment$3,8503,500$Total assets$$8,510$$$7,800$Liabilities and EquityAccounts payable$$1,100$$$1,000$Accruals$550500$Notes payable$392200$Total current liabilities$$2,042$$$1,700$Long$-$term debt$1,1001,000$Total liabilities$$3,1422,700$Common stock$4,1144,200$Retained earnings$1,254900$Total common equity$$5,368$$$5,100$Total liabilities and equity$$8,510$$$7,800$

Suppose the federal$-$plus$-$state tax corporate tax is $25\%.$ Answer the following questions.

What is the net operating profit after taxes $($NOPAT$)$ for $2020?$ Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answer to the nearest whole number.

$$$ million

What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answers to the nearest whole number.

$2020$:$$$$$ million

$2019$:$$$$$ million

What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answers to the nearest whole number.

$2020$:$$$$$ million

$2019$:$$$$$ million

What is the free cash flow for $2020?$ Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number.

$$$million

What is the ROIC for $2020?$ Round your answer to two decimal places.

$\%$

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.$)$ Enter your answers in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$ Round your answers to the nearest whole number.

After$-$tax interest payment$$$millionReduction $($increase$)$ in debt$$$millionPayment of dividends$$$ millionRepurchase $($Issue$)$ stock$$$ millionPurchase $($Sale$)$ of short$-$term investments$$$ million