Byrd Lumber has 2 million shares of common stock outstanding that sell for $17 a share. If the company has $29 million of common equity on its balance sheet, what is the company's Market Value Added (MVA)? Answer options are provided in whole dollar. a. $5,000,000 b. $5,750,000 c. $4,250,000 d. $4,750,000 e. $4,500,000 Houston Pumps recently reported $172,500 of sales, $140,500 of operating costs other than depreciation, and $9,250 of depreciation. The company had $35,250 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 25%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to spend $15,250 to buy new fixed assets and to invest $6,850 in net operating working capital. What was the firm's free cash flow? a. $4,213 b. $1,860 c. $5,354 d. $2,286 e. $1,978