A firm had a market value added, MVA, of $3.5 million dollars at the end of 2015. The firm reported retained earnings of $1.1 million and total paid-in-capital of $1.0 million at the end of 2015. The firm has not repurchased any shares of its common stock. What is the firm's market-to-book value ratio? Select one: a. 1.30 b. 3.00 c. 1.60 d. 0.67 2.2.67