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Please show answers on excel FREE CASH FLOW Bailey Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of

Please show answers on excel

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FREE CASH FLOW Bailey Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2015 2014 $ 14,000 30,000 28,125 $ 72,125 50,000 $122,125 $ 13,000 25,000 21,000 $ 59,000 47,000 $106,000 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (5,000 shares) Retained earnings Common equity Total liabilities and equity $ 10,800 7,600 6,700 $ 25,100 15,000 $ 40,100 50,000 32,025 $ 82,025 $122,125 $ 9,000 6,000 5,150 $ 20,150 15,000 $ 35,150 50,000 20,850 $ 70,850 $106,000 Income Statement for Year Ending December 31, 2015 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (40%) Net income Dividends paid $214,000 170,000 $ 44,000 5,000 $ 39,000 1,750 $ 37,250 14,900 $ 22,350 $ 11,175 a. What was net operating working capital for 2014 and 2015? b. What was Bailey's 2015 free cash flow? c. Construct Bailey's 2015 statement of stockholders' equity. d. What was Bailey's 2015 EVA? Assume that its after-tax cost of capital is 10%. e. What was Bailey's MVA at year-end 2015? Assume that its stock price at December 31, 2015 was $20

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