Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2022 2021 Sales $11,000 $10,000 Operating costs excluding depreciation 9,680 8,746 Depreciation and amortization 360 Earnings before interest and taxes $ 960 Less interest 280 Pre-tax income $ 680 Taxes (25%) Net income available to common stockholders $ 510 Common dividends $ 205 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) #| | | | 170 2022 2021 Assets Cash $ 450 $ 400 120 100 Short-term investments Accounts receivable Inventories 2,750 1,650 $4,970 3,650 $8,620 2,500 1,600 $4,600 3,500 Total current assets Net plant and equipment Total assets $8,100 $ 900 $ 800 450 400 176 100 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings $1,526 900 $1,300 800 $2,426 5,089 1,105 2,100 5,200 800 $6,194 Total common equity Total liabilities and equity $6,000 $8,100 $8,620 Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2022? 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 b. 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. 2022: $ million 2021: $ million c. 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. 2022: $ million 2021: $ million d. What is the free cash flow for 2022? 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 e. What is the ROIC for 2022? Round your answer to two decimal places. % 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 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 Reduction (increase) in debt Payment of dividends Repurchase (Issue) stock Purchase (Sale) of short-term investments $ million million million million million $ s