Laiho Industries: Balance Sheets as of December 31 (in thousands of dollars) a. Constructing the firm's 2021 income statement Laiho Industries: financial information for 2021 (in thousands of dollars) \begin{tabular}{|l|r|} \hline Sales & $473,150 \\ \hline EBITDA as a percentage of s & 15% \\ \hline Depr. as a \% of fixed assets & 19% \\ \hline Tax rate & 25% \\ \hline Interest expense & $8,701 \\ \hline Dividend payout ratio & 47.25% \\ \hline \end{tabular} Laiho Industries: Income Statement for Year Ending December 31, 2021 (in thousands of dollars) \begin{tabular}{l|l|l|} \hline Sales & 2021 & Formulas \\ \hline Operating costs excluding depreciation and & & \\ amortization & & \\ \hline EBITDA \\ Depreciation and amortization & & \\ \hline EBIT \\ Interest \\ EBT \\ Taxes (25%) \\ Net Income & & \\ \hline \end{tabular} Common dividends Addition to retained eamings b. Construeting the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows Laiho Industries: Statement of Stockholdors' Equity, December 31, 2021 (in thousands of dollars) Laiho Industries: Statement of Cash Flows for 2021 (in thousands of dollars) c. Calculating 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF) Excesss cash NOWC2020 (in thousands of dollars) NOWC2021 (in thousands of dollars) FCF2021 (in thousands of dollars) e. Calculating the firm's 2021 EVA After-tax cost of capital EVA2021 (in thousands of dollars) f. Calculating the firm's MVA at year-end 2021 \begin{tabular}{|lr|r|} \hline Stock price & $20 \\ \hline Shares outstanding & 10,000 \\ \hline MVA2021 (in thousands of dollars) & & \\ \hline \end{tabular}