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 Balance Sheets as of December 31 Total liabilities and equity Sales Operating costs excluding depreciation and amortization EBITDA EBIT Depreciation & amortization Interest EBT Taxes (25%) Net income Dividends paid million Balances, 12/31/20 2021 Net Income Cash Dividends Income Statement for Year Ending December 31, 2021 2021 million million $13,000 35,000 32,045 million $80,045 50,000 Shares $130,045 $ 10,100 7,800 6,800 $ 24,700 20,000 $ 44,700 2021 $ million b. What was Arlington's 2021 free cash flow? $ c. Construct Arlington's 2021 statement of stockholders' equity. 40,000 45,345 $ 85,345 $130,045 2020 $ 11,000 30,000 million $ 26,000 $ 67,000 45,000 $112,000 $9,500 7,000 5,050 $ 21,550 20,000 $ 41,550 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 ned a. 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 $ 40,000 30,450 $ 70,450 $112,000 $232,000 180,000 $ 52,000 7,000 $ 45,000 5,900 $ 39,100 9,775.00 $29,325.00 $14,430.00 Statement of Stockholders' Equity, 2021 Common Stock Amount million $ Retained Earnings million million million million Total Stockholders' Equity Addition to retained earnings Balances, 12/31/21 million $ $ d. What was Arlington's 2021 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent. $ 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. $ $ million million $ million million