Answer e and f only***

PROBLEM ONE 20 MARKS) Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year Ended December 31st, 2019 2018 Sales 5,375,250 4,025,350 Cost Of Goods Sold 2,835,450 2,105,837 Other Expenses 1,100,500 1,058,600 Depreciation 75,500 67,800 Earnings Before Interest and Taxes 1,363,800 793,113 Interest Expense 84,350 68,925 Earnings Before Taxes 1,279,450 724,188 Taxes (30%) 383,835 217,256 Net Income $ 895,615 $ 506,932 AAA Ltd. Balance Sheet As at December 31st, ASSETS 2019 2018 Cash & Equivalent 67,250 53,925 Short-term investments 225,783 192,243 Inventories 1,522,500 1,407,530 Accounts Receivable 303,200 221,058 Total Current Assets 2,118,733 1,874,756 Prop, Plant & Equip - Net 2,582,9392,002,958 Total Assets $ 4,701,672 $3,877,714 LIABILITIES & EQUITY Accounts Payable Notes Payable Accruals Short-term Debt Total Current Liabilities Long-Term Debt Total Liabilities Common Share Capital Retained Earnings Total Equity Total Liabilities and Equity 392,952 275,929 101,982 89,203 76,205 57,292 325,029317,416 896,168 739,840 1,054,024 873,204 1,950,192 1,613,044 650,000 650,000 2,101,480 1,614,670 2,751,480 2,264,670 $ 4,701,672 $3,877,714 Answer the following questions. Please note: short-term investments are non-operating current assets, notes payable and short-term debt are non-operating current liabilities. a) What is Operating Cash Flow for 2019? b) What is Free Cash Flow for 2019? c) The stock is traded at $40 per share at the end of 2019 and there are 100,000 shares outstanding. What is MVA during 2019? d) Given the firm's WACC is 10%, what is EVA during 2019? e) Create common size income statement and balance sheet for both 2019 and 2018. 1) Create income statement and balance sheet percentage change analysis for 2019. (Use 2018 u the base year)