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Consider the following financial data for Salesforce, Inc.: US 10-Year T-Bond Yield = .63% Market Risk Premium = 6.25% Tax Rate = 21% Also the

Consider the following financial data for Salesforce, Inc.: US 10-Year T-Bond Yield = .63% Market Risk Premium = 6.25% Tax Rate = 21% Also the following data for Salesforce, Inc. : Stock Price = $249.21 Market Cap = $226.78 billion Beta = 1.24 Moody's = A- (111 basis points) Total Debt = $6.19 billion Number of Shares Outstanding = 910 million EPS = $2.59 Return on Assets = .93% Total Debt/Equity = 16.10 Current Ratio = 1.14 Book Value/share = $42.33 Revenues =$19.38 billion Price/Earning Multiple = 96.22

Using the Salesforce, Inc. financial profile information above, what is the Market Value Added (MVA) for Salesforce?

(1) $312.97B

(2) $173.48B

(3) $226.78B

(4) $188.26B

(5) $232.97B

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