Begin with the partial model in the file CH06 P15 Build a Model.xls on the textbook's web site.

a) Using the financial statement shown below for Lan & Chen /technologies, calculate net operating working capital, total net operating capital, net operating profit after taxes, free cash flow, and return on invested capital for 2015.

(Hint: Start with the partical model in the file and report all dollar figures in thousands to reduce clutter).

b) Assume there were 15 million shares outstanding at the end of 2015, the year-end closing stock price was $65 per share, and the after tax cost of capital was 8%. Calculate EVA and MVA for 2015.