Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Assets Cash and equivalents Accounts receivable Inventories Total current assets Balance Sheets as of December 31 Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity 2018 $ 13,000 35,000 31,350 $ 79,350 49,000 $128,350 $ 10,000 7,100 6,400 $ 23,500 20,000 $43,500 50,000 34,850 $ 84,850 $128,350 Income Statement for Year Ending December 31, 2018 2017 $ 11,000 30,000 26,000 $ 67,000 47,000 $114,000 $ 9,000 5,000 5,350 $ 19,350 20,000 $ 39,350 50,000 24,650 $ 74,650 $114,000 Sales Operating costs excluding depreciation and amortization Questions Navigation Menu Depreciation & amortization EBIT Interest Income Statement for Year Ending December 31, 2018 EBT Taxes (40%) Net income $218,000 170,000 $ 48,000 7,000 $ 41,000 5,100 $ 35,900 14,360 $ 21,540 Dividends paid 11,340 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. 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. a. What was net operating working capital for 2017 and 2018? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2017 $ million 2018 $ b. What was Arlington's 2018 free cash flow? $ c. Construct Arlington's 2018 statement of stockholders' equity. Balances, 12/31/17 2018 Net Income Cash Dividends million $ million $ million Shares million Statement of Stockholders' Equity, 2018 Common Stock million $ million Addition to retained earnings Balances, 12/31/18 $ $ d. What was Arlington's 2018 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to two decimal places. Amount million $ million Retained Earnings million million million million Total Stockholders' Equity $ e. What was Arlington's MVA at year-end 2018? Assume that its stock price at December 31, 2018 was $25. Round your answer to two decimal places. $ million million million