Need help with b,c,d.

SIVE/SPREADSHEET PROBLEM FINANCIAL STATEMENTS, CASH FLOW, AND TAXES Laiho Industries's 2014 and 2015 balance sheets (in thousands of dollars) are shown. 3-19 2015 2014 $102,850 103,365 38,444 244,659 67,165 $311,824 89,725 85,527 34,982 $210,234 42.436 $252,670 Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets Accounts payable 30,761 30,477 16,717 $ 77.955 76,264 $154,219 100,000 s23,109 22,656 14.217 59.982 63.914 $123,896 90,000 38,774 $128,774 $252,670 Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilitles and equity 311,824 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 S857500, 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. Construct the statement of stockholders' equity for the year ending December 31, 2015, and the 2015 statement of cash flows. Calculate 2014 and 2015 net operating work flow (FCF). 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? Assume that the firm's after-tax cost of capital is 10.5%. What is the film's 2015 EVA? 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) a. b. c. ing capital (NOWC) and 2015 free cash d. e. f