Locust has 661 million shares outstanding with a

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- - Locust has 661 million shares outstanding with a market price of $99 a share. - a. Calculate the company’s market value added. (Enter your answers in millions.)
- b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.)
- c. How much value as the company created for its shareholders as a percent of shareholders’ equity, that is, the net capital contributed to the firm by its shareholders? (Enter your answer as a percentage rounded to the nearest whole number.)
- Here are simplified financial statements for Watervan Corporation: - The company’s cost of capital is 8.5%
- - Calculate Watervan’s economic value added (EVA). (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

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