Question: Having a hard time with my homework, please help me correct them. Thank you so much in advance! Laiho Industries: Statement of Cash Flows for

Having a hard time with my homework, please help me correct them. Thank you so much in advance!
Having a hard time with my homework, please help me correct them.
Thank you so much in advance! Laiho Industries: Statement of Cash Flows
for 2021 (thousands of dollars) Activity-Financial Statements, Cash Flow, and Taxes Excel
Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021

Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) Activity-Financial Statements, Cash Flow, and Taxes Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. moload soreadsheet Fruncial 5tatements, Cash Fos, and Taxes:5a3de0 xbx a. Sales for 2021 were $472,650,000, and EarroA was 14% of sales. Furthermore, deprecistion and amortization were 17% of net fured assets, interest was $7,597,000, the corporate tax rate was 25%, and Laiho pays 48.25% of iss net income as dividends, Given this information, construct the firm's 2021 income statement. Laiho Industriest Income Statement for Year Ending December 31, 2021 (thousands of dollars) b. Construct the statement of stockholders' equity for the year ending December 31,2021 , and the 2021 statement of cash flows. Hint: The difference in accumulated depreclation from one year to the next is the annual depreciation expense for the year. c. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess Cash. NOWC 2020 : 5 3 thousand NowC 202t : 5 3 theusand FCF 2021:5 3 thousand d. If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders? If Laiho increased its dividend paryout ratio, the firm would pay corporate taxes and the company's shareholders would pay taxes on the dividends they would receive. e. Assume that the firm's after-tax cost of capital is 9.5%. What is the firm's 2021 EVA? $ thousand t. Assume that the firm's steck price is $22 per share and that st yearend 2021 the firm has 10 millon shares outstanding. What is the firm's MVA at year-end 2021 ? s Q3 thousand

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