Laiho Industries' 2020 and 2021 balance sheets (in thousands of dollars) are shown.
Inventories		36,073			33,011
Total current assets	$	242,394		$	208,316
Net fixed assets		69,934			44,089
Total assets	$	312,328		$	252,405
Accounts payable	$	31,253		$	23,360
Accruals		33,042			24,400
Notes payable		14,808			12,528
Total current liabilities	$	79,103		$	60,288
Long-term debt		75,726			64,226
Total liabilities	$	154,829		$	124,514
Common stock		95,000			85,000
Retained earnings		62,499			42,891
Total common equity	$	157,499		$	127,891
Total liabilities and equity	$	312,328		$	252,405

C. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash.

NOWC2020: $ fill in the blank 41 thousand

NOWC2021: $ fill in the blank 42 thousand

FCF2021: $ fill in the blank 43 thousand

D. If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders?

If Laiho increased its dividend payout ratio, the firm would pay corporate taxes and the company's shareholders would pay taxes on the dividends they would receive.

E. Assume that the firm's after-tax cost of capital is 11.5%. What is the firm's 2021 EVA?

$ fill in the blank 46 thousand

F. Assume that the firm's stock price is $22 per share and that at year-end 2021 the firm has 10 million shares outstanding. What is the firm's MVA at year-end 2021?

$ fill in the blank 47 thousand