Balance Sheets 2018 2017 $80 $65 300 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 275 375 350 $730 2,000 $2,730 $715 1,490 $2,205 $150 $85 75 50 130 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 155 $290 $355 450 290 1,225 1,225 400 700 $2,730 $2,205 Income Statements 2018 2017 $2,000 1,250 $1,500 1,000 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest $500 $750 100 75 $650 $425 62 45 EBT Taxes (40%) Net income $588 235 $380 152 $228 $353 Dividends paid Addition to retained earnings $48 $53 $300 $180 Shares outstanding Price WACC 100 $25.00 10.00% 100 $22.50 The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. What is Rosnan's 2018 net operating working capital (NOWC)? $ What is Rosnan's 2018 net working capital (NWC)? $