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At the end of 2016, Massive Dynamic reports that the book value of its stockholders equity is $6 billion. In 2017, the company reports the

At the end of 2016, Massive Dynamic reports that the book value of its stockholders equity is $6 billion. In 2017, the company reports the following transactions:

  • Launches first share repurchase program and buys back 5 million shares during the year at $400 per share.
  • Issues 40 million shares of preferred stock during the year at $100 per share.
  • Issues 4 million shares of class B common stock during the year at $400 per share.
  • Grants 3 million restricted stock at the beginning of the year with a 3-year service/vesting period at $400 per share.
  • Completes 2 for 1 stock split at the end of the year.

What is the stockholders equity balance at year-end 2017?

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