Short Answer 1 — Adjusted EBITDA & Free Cash Flow Yahara Mat…

Short Answer 1 — Adjusted EBITDA & Free Cash Flow Yahara Materials Inc. reported the following for fiscal year 2026 ($ in millions). Income Statement — FY2026 Line item Value Net sales $6,240 Cost of goods sold (3,860) Gross profit 2,380 Selling, general & administrative expense (910) Research & development (210) Restructuring charges (65) Operating income 1,195 Interest expense, net (180) Income before income taxes 1,015 Income tax expense (213) Net income $802 Cash Flows from Operating Activities — FY2026 Line item Value Net income $802 Depreciation and amortization 275 Stock-based compensation expense 95 Deferred income taxes (18) Gain on sale of business (40) Accounts receivable (55) Inventories (30) Accounts payable 22 Net cash provided by operating activities $1,051 The company also spent $310mm on capital expenditures during fiscal year 2026. Compute (a) Adjusted EBITDA and (b) Free Cash Flow for fiscal year 2026.