Balance Sheets as of December 3120192018AssetsCash and equivalents$15,000$14,000Accounts receivable30,00025,000Inventories26,57524,000Total current assets$71,575$63,000Net plant and equipment47,00046,000Total assets$118,575$109,000Liabilities and EquityAccounts payable$11,000$9,000Accruals7,1006,000Notes payable6,5005,400Total current liabilities$24,600$20,400Long-term bonds10,00010,000Total liabilities$34,600$30,400Common stock (4,000 shares)40,00040,000Retained earnings43,97538,600Common equity$83,975$78,600Total liabilities and equity$118,575$109,000Income Statement for Year Ending December 31, 2019Sales$208,000Operating costs excluding depreciation and amortization160,000EBITDA$ 48,000Depreciation & amortization7,000EBIT$ 41,000Interest5,750EBT$ 35,250Taxes (25%)8,812.50Net income$ 26,437.50Dividends paid21,062.50Enter 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.

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 20197 Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2018 $ 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 Total Stockholders' Shares Amount Earnings Equity Balances, 12/31/18 million $ million $ million $ million 2019 Net Income million Cash Dividends million Addition to retained million eamings Balances, 12/31/19 million $ million $ 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. million e. What was Arlington's MVA at year-end 20197 Assume that its stock price at December 31, 2019 was $25. Round your answer to the nearest cent. million