5 You are considering an investment in Fields and Struthers, Inc., and...
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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 Fleids and Struthers earned an EBIT of $72 million, had a tox 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 ond spontaneous current liabilities increased by $19 million. Calculate Fields and Struthers's NOPAT operating cash flow for 2021. (Enter your answer in millions of dollors rounded to 2 decimal places.) Answer is complete but not entirely correct. Calculate Fields and Struthers's NOPAT investment in operating capital for 2021. (Enter your answer in millions of dollars.) Answer is complete but not entirely correct. Calculate Flelds and Struthers's NOPAT free cash flow for 2021. (Enter your answer in millions of dollars rounded to 2 decimal places.)
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