Bailey Corporation's financial statements (dollars and shares are in millions) are provided here.

Income Statement for Year Ending December 31, 2012
Sales..............................................................................................$214,000
Operating costs excluding depreciation and amortization..................................170,000
EBITDA .........................................................................................$ 44,000
Depreciation & amortization......................................................................5,000
EBIT .............................................................................................$ 39,000
Interest...............................................................................................1,750
EBT...............................................................................................$ 37,250
Taxes (40%).......................................................................................14,900
Net income......................................................................................$ 22,350
Dividends paid.................................................................................$ 11,175
a. What was net operating working capital for 2011 and 2012?
b. What was Bailey's 2012 free cash flow?
c. Construct Bailey's 2012 statement of stockholders' equity.
d. What was Bailey's 2012 EVA? Assume that its weighted average cost of capital is 10%.

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Balance Sheets as of December 31 2012 2011 Assets Cash and equivalents Accounts receivable Inventories 14,000 30,000 28,125 72,125 50,000 $ 13,000 25,000 21,000 S 59,000 47,000 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals S 10,800 6,700 7600 25,100 15,000 S 40,100 50,000 32,025 $ 82,025 $122,125 $ 9,000 5,150 6,000 5 20,150 15,000 35,150 50,000 20,850 70,850 $106,000 Total current liabilities Long-term bonds Total debt Common stock (5,000 shares) Retained earnings Common equity Total liabilities and equity