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5. Harper Industries has $700 million of common equity on its balance sheet; its stock price is $30 per share; and its market value added

5. Harper Industries has $700 million of common equity on its balance sheet; its stock price is $30 per share; and its market value added (MVA) is $50 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the nearest whole number, if necessary.

6. Over the years, Masterson Corporation's stockholders have provided $38,000,000 of capital when they purchased new issues of stock and allowed management to retain some of the firm's earnings. The firm now has 2,100,000 shares of common stock outstanding, and the shares sell at a price of $32 per share. How much value has Masterson's management added to stockholder wealth over the years, that is, what is Masterson's MVA? Round your answer to the nearest dollar, if necessary.

7. Barton Industries has operating income for the year of $3,600,000 and a 25% tax rate. Its total invested capital is $22,000,000 and its after-tax percentage cost of capital is 5%. What is the firm's EVA? Round your answer to the nearest dollar, if necessary

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