Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $15,000 14,000 30,000 .28,000 $81,235 $72,000 47,000 $119,000 35,000 31,235 Total current assets Net plant and equipment Total assets 50,000 $131,235 Liabilities and Equity Accounts payable Accruals Notes payable $10,000 7,100 7,000 8,500 7,000 5,150 Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings 20,000 44,100 60,000 27,135 87,135 $131,235 $ 24,100 20,650 20,000 $40,650 60,000 18,350 $ 78,350 $119,000 Common equity Total liabilities and equty Income Statement for Year Ending December 31, 2016 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (40%) Net income Dividends paid $202,000 160,000 $42,000 4,000 38,000 100 $37,900 15,160 $22,740 13,955 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. a. What was net operating working capital for 2015 and 20167 2015 million 2016 $ million b. What was Arlington's 2016 free cash flow? million Construct Arlington's 2016 statement of stockholders' equity Retained Earnings Total Stockholders Equity Common Stock Shares Amount million million million $ million million million Balances, 12/31/15 2016 Net Incorne Cash Dividends Addition to retained earnings Balances, 12/31/16 million million million million $ d. what was Arlington's 2016 EVA, Assume that its after-tax cost of apital is 10%. Round your answer to two decimal places. e What was Arlington's MVA at year-end 20167 Assume that its stock price at December 31, 2016 was $25. million