ree Cash Flow

Bailey Corporation's financial statements (dollars and shares are in millions) are provided here.

Balance Sheets as of December 31
	2014		2013
Assets
Cash and equivalents	$ 12,000		$ 11,000
Accounts receivable	35,000		30,000
Inventories	34,170		27,000
Total current assets	$ 81,170		$ 68,000
Net plant and equipment	48,000		47,000
Total assets	$129,170		$115,000
Liabilities and Equity
Accounts payable	$ 11,000		$ 9,000
Notes payable	6,900		5,350
Accruals	7,000		5,000
Total current liabilities	$ 24,900		$ 19,350
Long-term bonds	10,000		10,000
Total debt	$ 34,900		$ 29,350
Common stock (5,000 shares)	60,000		60,000
Retained earnings	34,270		25,650
Common equity	$ 94,270		$ 85,650
Total assets	$129,170		$115,000

Income Statement for Year Ending December 31, 2014
Sales	$225,000
Operating costs excluding depreciation and amortization	180,000
EBITDA	$ 45,000
Depreciation & amortization	5,000
EBIT	$ 40,000
Interest	4,450
EBT	$ 35,550
Taxes (40%)	14,220
Net income	$ 21,330
Dividends paid	12,710

Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000.

What was net operating working capital for 2013 and 2014?

2013	$ million
2014	$ million

What was Bailey's 2014 free cash flow? $ million

Construct Bailey's 2014 statement of stockholders' equity.

	Common Stock		Retained Earnings	Total Stockholders' Equity
	Shares	Amount
Balances, 12/31/13	million	$ million	$ million	$ million
2014 Net Income			million
Cash Dividends			million
Addition (Subtraction) to retained earnings				million
Balances, 12/31/14	million	$ million	$ million	$ million

What was Bailey's 2014 EVA? Assume that its weighted average cost of capital is 10%. Round your answer to the nearest cent. $ million

What was Baileys MVA at year-end 2014? Assume that its stock price at December 31, 2014 was $20. $ million