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Finding operating and free cash flows   Consider the balancesheets and selected data from the income statement of KeithCorporation that follow

Keith Corporation Balance Sheets

Assets	2019	2018
Cash	$1,500	$1,000
Marketable securities	1800	1200
Accounts receivable	2000	1800
Inventories	2900	2800
Total current assets	$8,200	$6,800
Gross fixed assets	$29,500	$28,100
Less: Accumulated depreciation	14700	13100
Net fixed assets	$14,800	$15,000
Total assets	$23,000	$21,800
Liabilities and Stockholders' Equity
Accounts payable	$1,600	$1,500
Notes payable	2800	2200
Accruals	200	300
Total current liabilities	$4,600	$4,000
Long-term debt	$5,000	$5,000
Common stock	$10,000	$10,000
Retained earnings	3400	2800
Total stockholders' equity	$13,400	$12,800
Total liabilities and stockholders' equity	$23,000	$21,800

Income Statement Data

​(20192019​)

Depreciation expense	$1,600
Earnings before interest and taxes (EBIT)	2700
Interest expense	367
Net profits after taxes	1400
Tax rate	21%

. a. Calculate the​ firm's net operating profit after taxes​(NOPAT) for the year ended December​ 31, 20192019.

b. Calculate the​ firm's operating cash flow​ (OCF) for the yearended December​ 31, 20192019.

c. Calculate the​ firm's free cash flow​ (FCF) for the yearended December​ 31, 20192019.

d.​ Interpret, compare and contrast your cash flow estimate inparts​ (b) and​ (c). a. The net operating profit after taxes is​$nothing. ​(Round to the nearest​ dollar.)