Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required ans the the Do not round intermediate calculations. Enter your answers in thousands. For example, an answer $1 thousand should be entered as 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any. a. Sales for 2021 were $440,150,000, and EBITDA was 14% of sales. Furthermore, depreciation and amortization were 19% of net fixed assets, interest was $7,597,000, the corporate tax rate was 25%, and Laiho pays 46.25% of its net income as dividends. Given this information, construct the firm's 2021 income statement. Laiho Industries: Income Statement for Year Ending December 31,2021 (thousands of dollars) b. Construct the statement of stockholders' equity for the year ending December 31,2021 , and the 2021 statement of cash flows. Hinterention in accumulated depreciation from one year to the next is the annual depreciation expense for the Laiho Industries: Statement of Stockholders' Equity, December 31,2021 (thousands of dollars) Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) \begin{tabular}{ll} \hline Operating Activities & 2021 \\ Net income \\ Depreciation and amortization \\ Increase in accounts payable \\ Increase in accruals \\ Increase in accounts receivable \\ Increase in inventories \\ Investing cash provided by operating activities & \\ Additions to property, plant, and equipment & \\ \hline Net cash used in investing activities & \\ \hline \end{tabular} Financing Activities c. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash. NOWC 2020:$ thousand NOWC 2021 : \$ thousand FCF2021:$ 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 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? $ thousand f. Assume that the firm's stock price is $21 per share and that at vear-end 2021 the firm has 10 million shares outstanding. What is the firm's MVA at vear-end 2021