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

Balance Sheets as of December $31$

$20212020$

Assets

Cash and equivalents $ $13,000$ $ $11,000$

Accounts receivable $30,00025,000$

Inventories $27,62524,000$

Total current assets $ $70,625$ $ $60,000$

Net plant and equipment $47,00046,000$

Total assets $$117,625$ $$106,000$

Liabilities and Equity

Accounts payable $ $10,500$ $ $8,500$

Accruals $7,2007,000$

Notes payable $6,7005,500$

Total current liabilities $ $24,400$ $ $21,000$

Long$-$term bonds $10,00010,000$

Total liabilities $ $34,400$ $ $31,000$

Common stock $(4,000$ shares$)40,00040,000$

Retained earnings $43,22535,000$

Common equity $ $83,225$ $ $75,000$

Total liabilities and equity $$117,625$ $$106,000$

Income Statement for Year Ending December $31,2021$

Sales $$248,000$

Operating costs excluding depreciation and amortization $200,000$

EBITDA $ $48,000$

Depreciation & amortization $3,000$

EBIT $ $45,000$

Interest $9,900$

EBT $ $35,100$

Taxes $(25\%)8,775\mathrm{.}00$

Net income $$26,325\mathrm{.}00$

Dividends paid $$18,100\mathrm{.}00$

Enter your answers in millions. For example, an answer of $$25,000,000,000$ should be entered as $25,000.$ Round your answers to the nearest whole number, if necessary.

What was net operating working capital for $2020$ and $2021?$ Assume that all cash is excess cash; i$.$e$.,$ this cash is not needed for operating purposes.

$2020$ $

million

$2021$ $

million

What was Arlington's $2021$ free cash flow?

$

million

Construct Arlington's $2021$ statement of stockholders' equity.

Statement of Stockholders' Equity, $2021$

Common Stock Retained

Earnings Total Stockholders'

Equity

Shares Amount

Balances, $12/31/20$

million $

million $

million $

million

$2021$ Net Income

million

Cash Dividends

million

Addition to retained earnings

million

Balances, $12/31/21$

million $

million $

million $

million

What was Arlington's $2021$ EVA? Assume that its after$-$tax cost of capital is $10\%.$ Round your answer to the nearest cent.

$

million

What was Arlington's MVA at year$-$end $2021?$ Assume that its stock price at December $31,2021$ was $$25.$ Round your answer to the nearest cent.

$

million