(Computing free cash flows and financing cash

flows) Use the balance sheet:

and income statement,

,

for Knapp Inc. to compute the firm's free cash flows and the financing cash flows.

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Part 1

Calculate the free cash flows using the following table. (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.)

FREE CASH FLOWS
After-tax cash flows from operations
			$
After-tax cash flows from operations			$
Change in net operating working capital
	$
Decrease in net operating working capital			$
Free cash flows			$

Part 2

Calculate the financing cash flows using the following table.(Round to the nearest dollar.

NOTE:

Input cash inflows as positive values and cash outflows as negative values.)

FINANCING CASH FLOWS
			$
Cash flows distributed to investors			$

Data table \begin{tabular}{lrr} Total owners' equity & $1,704$1,600 \\ Total liabilities and owners' equity & $2,400 & $2,608 \\ \hline \end{tabular} Data table \begin{tabular}{lrr} Taxes (40%) & 12080 \\ Net income & $120 & $179 \\ \hline \end{tabular}