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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 begin{tabular}{lrrr} & & 2021 & 2020

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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 \begin{tabular}{lrrr} & & 2021 & 2020 \\ \hline Assets & & & \\ Cash and equivalents & 13,000 & $12,000 \\ Accounts receivable & 35,000 & 30,000 \\ Inventories & 31,485 & 29,000 \\ \hline Total current assets & $79,485 & $71,000 \\ Net plant and equipment & 49,000 & 48,000 \\ Total assets & $128,485 & $119,000 \\ \hline \end{tabular} Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities \begin{tabular}{rrr} $10,600 & $9,500 \\ 7,700 & & 7,000 \\ 6,900 & & 5,450 \\ \hline$25,200 & $21,950 \\ \hline 15,000 & & 15,000 \\ \hline$40,200 & $36,950 \\ 40,000 & 40,000 \\ 48,285 & & 42,050 \\ \hline$88,285 & & $82,050 \\ \hline$128,485 & & $119,000 \\ \hline \end{tabular} Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity \begin{tabular}{rr} $13,000 & $12,000 \\ 35,000 & 30,000 \\ 31,485 & 29,000 \\ \hline$79,485 & $71,000 \\ 49,000 & 48,000 \\ \hline$128,485 & $119,000 \\ \hline \end{tabular} Income Statement for Year Ending December 31, 2021 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization $221,000180,000$41,000 ERIT Ch 03- End-of-Chapter Problems LPK - Financial Statements, Cash Flow, and Taxes Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000 . Round yoi Ch 03- End-of-Chapter Problems LPK. Financial Statements, Cash Flow, and Taxes Enter your anwers 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 necescary a. What was net operating working capital for 2020 and 2021 ? Assume that all cash is excess cash; liey, this cash is not needed for operating purposes 2020520215miltionmition b. What was Arlington's 2021 free eash flow? 3 mililion c. Construet Aflington's 2021 statement of stockholeers' equity. d. What was Arlingtoo's 2021 EvA? Assume that its after-ax cost of copital 15 10\%s. Round your answer to me nearest cesn- 4 milition e. Whot was Arington's MVA at year-end 2021? Assume that its stock price at December 31, 2021 was 525. Alound your answer to the neareit cent 15 millice

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