XYZ Inc. has the following info from the previous year:
Net income = $4,000
NOPAT = $5,000
Total assets = $20,000
Total operating capital = $17,000
The information for the current year is:
Net income = $8,000
NOPAT = $7,000
Total assets = $23,000
Total operating capital = $21,000
What is free cash flow for the current year?