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

Balance Sheets as of December 31
	2018		2017
Assets
Cash and equivalents	$ 14,000		$ 13,000
Accounts receivable	35,000		30,000
Inventories	30,460		29,000
Total current assets	$ 79,460		$ 72,000
Net plant and equipment	50,000		48,000
Total assets	$129,460		$120,000
Liabilities and Equity
Accounts payable	$ 10,100		$ 8,000
Accruals	7,500		6,000
Notes payable	7,000		5,350
Total current liabilities	$ 24,600		$ 19,350
Long-term bonds	10,000		10,000
Total liabilities	$ 34,600		$ 29,350
Common stock (4,000 shares)	50,000		50,000
Retained earnings	44,860		40,650
Common equity	$ 94,860		$ 90,650
Total liabilities and equity	$129,460		$120,000

Income Statement for Year Ending December 31, 2018
Sales	$246,000
Operating costs excluding depreciation and amortization	200,000
EBITDA	$ 46,000
Depreciation & amortization	6,000
EBIT	$ 40,000
Interest	2,450
EBT	$ 37,550
Taxes (40%)	15,020
Net income	$ 22,530
Dividends paid	18,320

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.

1. 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	$ million

2. What was Arlington's 2018 free cash flow? $ million
3. Construct Arlington's 2018 statement of stockholders' equity.

   Statement of Stockholders' Equity, 2018
   	Common Stock		Retained Earnings	Total Stockholders' Equity
   	Shares	Amount
   Balances, 12/31/17	million	$ million	$ million	$ million
   2018 Net Income			million
   Cash Dividends			million
   Addition to retained earnings				million
   Balances, 12/31/18	million	$ million	$ million	$ million

4. What was Arlington's 2018 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to two decimal places. $ million
6. 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