What is the correct answer to b, d and e?

Free Cash Flows

Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)

	2016		2015
Sales	$3,750.0		$3,000.0
Operating costs excluding depreciation	3,000.0		2,550.0
Depreciation and amortization	94.0		72.0
Earnings before interest and taxes	$656.0		$378.0
Less Interest	81.0		65.0
Pre-tax income	$575.0		$313.0
Taxes (40%)	230.0		125.2
Net income available to common stockholders	$345.0		$187.8
Common dividends	$311.0		$150.0

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

	2016		2015
Assets
Cash	$50.0		$45.0
Short-term investments	19.0		15.0
Accounts receivable	563.0		450.0
Inventories	690.0		600.0
Total current assets	$1,322.0		$1,110.0
Net plant and equipment	936.0		720.0
Total assets	$2,258.0		$1,830.0
Liabilities and Equity
Accounts payable	$216.0		$180.0
Accruals	108.0		90.0
Notes payable	75.0		60.0
Total current liabilities	$399.0		$330.0
Long-term debt	750.0		600.0
Total liabilities	$1,149.0		$930.0
Common stock	1,018.0		843.0
Retained earnings	91.0		57.0
Total common equity	$1,109.0		$900.0
Total liabilities and equity	$2,258.0		$1,830.0

Using Rhodes Corporation's financial statements (shown above), answer the following questions.

a. What is the net operating profit after taxes (NOPAT) for 20167 Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to one decimal place. s 393.6 | million b. What are the amounts of net operating working capital for both years? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to one decimal place. 2016 998.0 0 million 2015% 840.0 8 million . What are the amounts of total net operating capital for both years? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to one decimal place. 2016 1924.0 & million 2015 1560.0 @ million d. What is the free cash flow for 20167 Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to one decimal place. $ 19.6 Q million e. What is the ROIC for 20167 Round your answer to two decimal places. 25.23 0 % f. 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 answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to one decimal place. After-tax interest payment $ 48.6 @ million Reduction (increase) in debt 165.0 @ million Payment of dividends 311.0 @ million Repurchase (Issue) stock 175.0 | @ miltion Purchase (Sale) of short-term investments 4.0 @ million