Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents $ 14,000 $ 15,000 35,000 Accounts receivable 25,000 Inventories 32,645 23,000 Total current assets $ 82,645 $ 62,000 Net plant and equipment 48,000 45,000 Total assets $130,645 $107,000 Liabilities and Equity Accounts payable $ 10,200 $ 8,500 Accruals 7,300 7,000 Notes payable 6,200 5,000 Total current liabilities $ 23,700 $ 20,500 Long-term bonds 15,000 15,000 Total liabilities $ 38,700 $ 35,500 Common stock (4,000 shares) 40,000 40,000 Retained earnings 51,945 31,500 Common equity $ 91,945 $ 71,500 Total liabilities and equity $130,645 $107,000 Income Statement for Year Ending December 31, 2019 Sales $202,000 Operating costs excluding depreciation and amortization 150,000 EBITDA $ 52,000 Depreciation & amortization 8,000 EBIT $ 44,000 Interest 7,200 EBT $ 36,800 Taxes (25%) 9,200.00 Net income 27,600.00 Dividends paid 7,155.00 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. a. What was net operating working capital for 2018 and 2019? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2018 $ 46500 million 2019 $ 65,145 million b. What was Arlington's 2019 free cash flow? $ 9,290 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 8 million $ million $ _ million $ million $ X million $ X million 2019 Net Income million Cash Dividends million million Addition to retained earnings Balances, 12/31/19 & million $ million $ 8 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. 0 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. $0 million