Assets Cash and equivalents Accounts receivable Inventories Total current assets 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 Sales EBITDA Depreciation & amortization EBIT Interest EBT $ 14,000 Taxes (40%) Net income 35,000 Operating costs excluding depreciation and amortization 30,785 $ 79,785 52,000 $131,785 $ 10,300 8,000 6,100 $ 24,400 15,000 $39,400 40,000 Income Statement for Year Ending December 31, 2018 52,385 $92,385 $131,785 $ 13,000 25,000 23,000 $ 61,000 48,000 $109,000 $ 8,500 5,000 5,200 $18,700 15,000 $ 33,700 40,000 35,300 $ 75,300 $109,000 $195,000 150,000 $ 45,000 4,000 $ 41,000 4,050 $36,950 14,780 $ 22,170 Dividends paid 5,085 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. Net income Dividends paid 5,085 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 $ 22,170 Statement of Stockholders' Equity, 2018 Common Stock million $ Amount million $ Addition to retained earnings Balances, 12/31/18 million $ million $ d. What was Arlington's 2018 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to two decimal places. 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