2013 2012 Garnet Inc. Income Statement Net sales 830 900 Costs (except depreciation) 500 380 Depreciation 50 25 Total operating costs 550 405 Earnings before interest and taxes (EBIT) Less Interest 280 495 25 21 Earnings before taxes 255 474 Taxes (20%) 51 95 Net Income 204 379 Balance Sheet Assets Cash 138 128 Marketable securities 109 139 Accounts receivable 94 90 Inventorles 132 120 Total current assets 473 477 Net plant and equipment 379 300 Total assets 852 777 Liabilities and Equity Accounts payable 70 68 Notes payable 160 142 Accruals 42 35 Total current liabilities 272 245 Long-term bonds 190 180 Preferred stock 100 100 Retained earnings 90 82 Common equity 200 170 Total liabilities and equity 852 777 If the growth rate beyond 2013 is 3%. WACC IS 12%, the number of shares IS 100M, calculate the Market Value added for the common stockholders. Numeric Response