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 $ $14,000$ $ $11,000$

Accounts receivable $35,00030,000$

Inventories $34,73029,000$

Total current assets $ $83,730$ $ $70,000$

Net plant and equipment $52,00048,000$

Total assets $$135,730$ $$118,000$

Liabilities and Equity

Accounts payable $ $10,600$ $ $9,000$

Accruals $7,3006,000$

Notes payable $6,4005,000$

Total current liabilities $ $24,300$ $ $20,000$

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

Total liabilities $ $34,300$ $ $30,000$

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

Retained earnings $61,43048,000$

Common equity $ $101,430$ $ $88,000$

Total liabilities and equity $$135,730$ $$118,000$

Income Statement for Year Ending December $31,2021$

Sales $$196,000$

Operating costs excluding depreciation and amortization $150,000$

EBITDA $ $46,000$

Depreciation & amortization $3,000$

EBIT $ $43,000$

Interest $3,800$

EBT $ $39,200$

Taxes $(25\%)9,800\mathrm{.}00$

Net income $$29,400\mathrm{.}00$

Dividends paid $$15,970\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, $12/31/20$

Share million

Amount million $

Retained Earnings million $

Total stockholders' Equity million

$2021$ Net Income

Retained Earnings million

Cash Dividends

Retained Earnings million

Addition to retained earnings

Total stockholders' equity million

Balances, $12/31/21$

Shares million $

Amount million $

Retained Earnings million $

Total stockholders' equity 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