Begin with the partial model in the file Ch02 P15 Build a Model.xls on the textbook's Web site.

a. Using the financial statements shown below for Lan & Chen Technologies, calculate net operating working capital, total net operating capital, net operating profitafter taxes, free cash flow, and return on invested capital for 2010.
b. Assume there were 15 million shares outstanding at the end of 2010, the year-endclosing stock price was $65 per share, and the after-tax cost of capital was 8%.Calculate EVA and MVA for 2010.