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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents

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

Balance Sheets as of December 31
2019 2018
Assets
Cash and equivalents $ 15,000 $ 13,000
Accounts receivable 35,000 30,000
Inventories 31,025 29,000
Total current assets $ 81,025 $ 72,000
Net plant and equipment 50,000 49,000
Total assets $131,025 $121,000
Liabilities and Equity
Accounts payable $ 10,600 $ 9,000
Accruals 7,400 6,000
Notes payable 6,200 5,300
Total current liabilities $ 24,200 $ 20,300
Long-term bonds 20,000 20,000
Total liabilities $ 44,200 $ 40,300
Common stock (4,000 shares) 60,000 60,000
Retained earnings 26,825 20,700
Common equity $ 86,825 $ 80,700
Total liabilities and equity $131,025 $121,000

Income Statement for Year Ending December 31, 2019
Sales $240,000
Operating costs excluding depreciation and amortization 190,000
EBITDA $ 50,000
Depreciation & amortization 7,000
EBIT $ 43,000
Interest 5,350
EBT $ 37,650
Taxes (25%) 9,412.50
Net income $ 28,237.50
Dividends paid 22,112.50

  1. What was Arlington's 2019 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent.

    $ million

  2. What was Arlington's MVA at year-end 2019? Assume that its stock price at December 31, 2019 was $25. Round your answer to the nearest cent.

    $ million

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