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

Balance Sheets as of December 3120212020AssetsCash and equivalents$13,000$12,000Accounts receivable35,00030,000Inventories33,95028,000Total current assets$81,950$70,000Net plant and equipment52,00048,000Total assets$133,950$118,000Liabilities and EquityAccounts payable$10,900$9,000Accruals7,5007,000Notes payable6,6005,450Total current liabilities$ 25,000$ 21,450Long-term bonds15,00015,000Total liabilities$ 40,000$ 36,450Common stock (4,000 shares)50,00050,000Retained earnings43,95031,550Common equity$93,950$81,550Total liabilities and equity$133,950$118,000

Income Statement for Year Ending December 31, 2021Sales$235,000Operating costs excluding depreciation and amortization190,000EBITDA$ 45,000Depreciation & amortization6,000EBIT$ 39,000Interest3,850EBT$ 35,150Taxes (25%)8,787.50Net income$26,362.50Dividends paid$13,962.50

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$ million2021$ million

What was Arlington's 2021 free cash flow?

$ million

Construct Arlington's 2021 statement of stockholders' equity.

Statement of Stockholders' Equity, 2021Common StockRetained EarningsTotal Stockholders' EquitySharesAmountBalances, 12/31/20million$ million$ million$ million2021 Net IncomemillionCash DividendsmillionAddition to retained earningsmillionBalances, 12/31/21million$ 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

Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Ch 03-End-of-Chapter Problems LPK - Financial Statements, Cashi Flow, and Taxes 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 num if necessary. a. What was net operating working capital for 2020 and 2 21? Assume that all cash is excess cash; i.e, this cash is not needed for operating purposes. 20205 million 20215 million c. Construct Arlington's 2021 statement of stockholders' equity. d. What was Arlington's 2021 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to me nearen crus \$ miltion e. 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: 5 miltion