anwser d, e, f .. thankyouu

Target Corporation Income Statement For Years Ended December 31 (All numbers in millions) Sales Cost of goods sold Gross profit Operating expenses other than depreciation Earnings before interest, taxes, and depreciation Depreciation expense Earnings before interest and taxes Interest expense Earnings before taxes Tax expense Earnings after taxes 2019 $75,400 53,300 22,100 15,400 6,700 2.500 4,200 SOO 3,700 800 $2.900 2018 $72,700 51.100 21,600 15,000 6,600 2,500 4,100 500 3,600 800 $2.800 Tax rate in 2019 was 22% Tax rate in 2018 was 22% Target Corporation Balance Sheet December 31 (All numbers are in millions] 2019 2018 $1,600 1,100 11,100 13,800 27,500 $41.300 $2,600 900 10,400 13,900 26,400 $40.300 Assets assets Cash Receivables Inventory Total current assets Property, plant, and equipment Total assets Debt and Stockholders' Equity Current debt Acets payable Notes payable Accruals Total current debt Long-term debt Total debt Stockholders' equity Capital stock Treasury stock Retained earrings Total stockholders' equity Total debt and stockholders' equity $9.800 1200 4000 15,000 15.000 30,000 58.700 300 4,100 13,100 15.500 28,600 6.100 -800 6,000 11,300 S41300 5.900 -700 6,500 11,700 S40300 Additional Information 1. Target Corporation has 500,000,000 shares of common stock outstanding. The market value per share is $150 2. Target Corporation's cost of money is 6%. (9 pts.) d). Calculate the free cash flow for 2019. What is the significance of free cash flow? (5 pts.) e). Calculate MVA for 2019. Comment on the results. (6 pts.) f). Calculate EVA for 2019. Comment on the results