Ch 03- End-of-Chapter Problems LPK- Financial Statements, Cash Flow, and Taxes Balance Sneets as of December 31 2021 2020 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 15,000 $ 11,000 25,000 30,000 29,630 $ 74,630 48,000 24,000 $ 60,000 45,000 $122,630 $105,000 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings $ 10,700 7,700 $ 39,700 $ 9,500 6,000 6,300 5,400 $ 24,700 $ 20,900 15,000 15,000 $ 35,900 40,000 40,000 42,930 29,100 Common equity $82,930 $ 69,100 Total liabilities and equity $122,630 $105,000 Income Statement for Year Ending December 31, 2021 Sales $207,000 Operating costs excluding depreciation and amortization 160,000 EBITDA $ 47,000 Depreciation & amortization EBIT Interest EBT Taxes (25%) Net income Dividends paid 3,000 $ 44,000 8,750 $ 35,250 8,812.50 $26,437.50 $12,607.50 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary. a. What was net operating working capital for 2020 and 2021? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 20205 2021$ million million b. What was Arlington's 2021 free cash flow? million c. Construct Arlington's 2021 statement of stockholders' equity. Balances, 12/31/20 2021 Net Income Cash Dividends Statement of Stockholders' Equity, 2021 Common Stock Retained Shares Amount Earnings Total Stockholders' Equity million $ million $ million $ million million million Addition to retained earnings million Balances, 12/31/21 million million. $ million $ million d. What was Arlington's 2021 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 20217 Assume that its stock price at December 31, 2021 was $25. Round your answer to the nearest cent. million