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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

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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 2019 $ 15,000 30,000 25,345 $ 70,345 47,000 $117,345 $ 10,200 7,700 6,500 $ 24,400 10,000 $ 34,400 50,000 32,945 $ 82,945 $117,345 2018 $ 13,000 20,000 18,000 $ 51,000 45,000 $96,000 $ 8,500 5,000 5,400 $ 18,900 10,000 $ 28,900 50,000 17,100 $ 67,100 $96,000 Income Statement for Year Ending December 31, 2019 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (25%) Net income Dividends paid $226,000 180,000 $ 46,000 3,000 $ 43,000 5,900 $ 37,100 9,275.00 27,825.00 11,980.00 Statement of Stockholders' Equity, 2019 Common Stock Amount Balances, 12/31/18 4,000 million 50,000 million million 2019 Net Income million million million Cash Dividends Addition to retained earnings million Balances, 12/31/19 4,000 million 50,000 million $ million million d. What was Arlington's 2019 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent. $ million e. 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 tA Shares Retained Earnings Total Stockholders' Equity $

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