Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents $ 15,000 $ 14,000 Accounts receivable 35,000 25,000 Inventories 32,485 21,000 Total current assets $ 82,485 $ 60,000 Net plant and equipment 47,000 46,000 Total assets $129,485 $106,000 Labilities and Equity Accounts payable $ 10.200 $ 9,000 Accruals 7,300 6,000 Notes payable 6,400 5.050 Total current liabilities $ 23,900 $ 20,050 Long-term bonds 15,000 15,000 Total liabilities $ 38,900 $ 35,050 50,000 50,000 Common stock (4,000 shares) Retained earnings 40,585 20,950 Common equity $ 90,585 $ 70,950 Total liabilities and equity $129,485 $105,000 Income Statement for Year Ending December 31, 2019 Sales 5251.000 200.000 Operating costs excluding depreciation and amortization EBITDA $ 51.000 6.000 Depreciation & amortization EBIT $ 45,000 Interest 5,450 EBT $ 39,550 Taxes (25%) 9.887.50 Net income 29,662.50 Dividends pald 10,027.50 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 - What was net operating working capital for 2016 and 20197 Assume that al cash is excess cashie, this cash is not needed for operating purposes 2018 5 million 2019 million b. What was Arlington's 2019 free cash flow? $ million c. Construct Arlington's 2019 statement of stockholders equity Statement of Stockholders' Equity, 2019 Common Stock Retained Earnings Total Stockholders Equity Shares Amount Balances, 12/31/18 million million million million 2019 Net Income million Cash Dividends million Addition to retained million warnings Balances, 12/31/19 million million million million d. What was Arlington's 2019 VAY Assume that its after tax cost of capital 10% Hound your answer to the nearest cent 6 million . What was Arlington's MVA at year and 2019) Assume that its stock price at December 31, 2019 was $25. Round your answer to the nearest cent. million