Problem $2-13$ Free Cash Flow $($LG$2-5)$

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 $$72$ million, had a tax rate of $21$ percent, and its depreciation expense

was $$8$ million. Fields and Struthers's NOPAT gross fixed assets increased by $$38$ million from $2020$ and $2021.$ The firm's current

assets increased by $$34$ million and spontaneous current liabilities increased by $$19$ million.

Calculate Fields and Struthers's NOPAT operating cash flow for $2021.($Enter your enswer In mllllons of dollers rounded to $2$ declmel

pleces.$)$

Operating cash flow

million

Calculate Fields and Struthers's NOPAT investment in operating capital for $2021.($Enter your onswer In mllillons of dollers.$)$

Investment in operating capital

Calculate Fields and Struthers's NOPAT free cash flow for $2021.($Enter your onswer In millions of dollers rounded to $2$ decimel

pleces.$)$