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Balance Sheets as of December 31 2014 2013 Current Assets 780,000 585,000 Net Plant and Equipment 1,820,000 1,755,000 Total Assets 2,600,000 2,340,000 Accounts Payable 130,000
Balance Sheets as of December 31 | 2014 | 2013 | |
Current Assets | 780,000 | 585,000 | |
Net Plant and Equipment | 1,820,000 | 1,755,000 | |
Total Assets | 2,600,000 | 2,340,000 | |
Accounts Payable | 130,000 | 140,400 | |
Notes Payable | 182,000 | 70,200 | |
Accruals | 78,000 | 163,800 | |
Long-Term Bonds | 676,000 | 651,600 | |
Total Common Equity | 1,534,000 | 1,404,000 | |
Total Liabilities & Equity | 2,600,000 | 2,340,000 | |
Income Statement | 2014 | ||
Earnings before interest and taxes | 780,000.0 | ||
Depreciation and Amortization | 91,000.0 | ||
Interest | 67,600.0 | ||
Taxes 40% | 284,960.0 | ||
Net Income | 427,440.0 | ||
Other Information | 2014 | ||
WACC | 15.20% | ||
Number of shares outstanding | 52,000 | ||
Price per share | $22.13 |
What was 2014 MVA?
Please show work. Thanks
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