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Byrd Lumber has 1 million shares of common stock outstanding that sell for $15 a share. If the company has $5 million of common equity

Byrd Lumber has 1 million shares of common stock outstanding that sell for $15 a share. If the company has $5 million of common equity on its balance sheet, what is the company's Market Value Added (MVA)?

Select one:

a. $15,000,000

b. $10,000,000

c. $20,000,000

d. $5,000,000

e. $5.00

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