Arlington Corporation’s financial statements (dollars and shares are in millions) are provided here. What was net operating working capital for 2018 and 2019? Assume that all cash is excess cash; i. e., this cash is not needed for operating purposes. ANSWER ↓ NOWC2018=$42,000 ; NOWC2019=$50,220 What was Arlington’s 2019 free cash flow? ANSWER ↓ $22,780 Construct Arlington’s 2019 statement of stockholders’ equity. ANSWER ↓ CS = $40,000; RE = $46,220 What was Arlington’s 2019 EVA? Assume that its after-tax cost of capital is 10%. ANSWER ↓ What was Arlington’s MVA at year-end 2019? Assume that its stock price at December 31, 2019 was $25. ANSWER ↓