FINANCIAL STATIMENTS, CASH FIOW, AND TAXES Laiho Industries's 2014 and 2015 balance sheets (in thousands of dollars) are shown. a. Sales for 2015 were $455, 150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8, 575,000, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends Given this information, construct the firm's 2015 income statement. b. Construct the statement of stockholders' equity for the year ending December 31, 2015, and the 2015 statement of cash flows. c. Calculate 2014 and 2015 net operating working capital (NOWC) and 2015 free cash flow (FCF). d. If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on faxes paid by the company's shareholders? e. Assume that the firm's after-tax cost of capital is 10.5%. What is the firm's 2015 EVA? f. Assume that the firm's stock price is $22 per share and that at year end 2015 the firm has 10 million shares outstanding What is the firm's MVA at year-end 2015