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Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in million dollars).
| | 2020 | 2021 |
| Operating assets | 17,000 | 19,000 |
| Cash equivalent | 400 | 510 |
| Operating liabilities | 3,880 | 4,050 |
| Long-term debt financing | 4,374 | 5,496 |
| Operating income (after tax) | | 2,200 |
| Net financial expense (after tax) | | 690 |
Calculate S-Marts free cash flow in 2021 using both Method 1 and Method 2.
(Hint: Method 1 focuses on the source of free cash flow; Method 2 focuses on the disposition of free cash flow.)
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