You are considering an investment in Fields and Struthers, Inc., and want to evaluate the firm’s free cash flow. From th

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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 Fields and Struthers earned an EBIT of $82
million, had a tax rate of 21 percent, and its depreciation expense
was $9 million. Fields and Struthers's NOPAT gross fixed assets
increased by $48 million from 2020 and 2021. The firm’s current
assets increased by $36 million and spontaneous current liabilities
increased by $24 million. Calculate Fields and Struthers’s NOPAT
operating cash flow for 2021. (Enter your answer in millions of
dollars rounded to 2 decimal places.)
Calculate Fields and Struthers’s NOPAT investment in operating
capital for 2021. (Enter your answer in millions of dollars.)
Calculate Fields and Struthers’s NOPAT free cash flow for 2021.
(Enter your answer in millions of dollars rounded to 2 decimal
places.)