Question
Hayes Corporation has $250 million of common equity on its balance sheet and 5,000,000 shares of common stock outstanding. The company's Market Value Added (MVA)
Hayes Corporation has $250 million of common equity on its balance sheet and 5,000,000 shares of common stock outstanding. The company's Market Value Added (MVA) is $89 million. What is the company's stock price? (Answers are in $ millions.)
| $73.22 |
| $50.00 |
| $17.80 |
| $67.80 |
| $15.67 |
Casey Motors recently reported net income of $55 million. The firm's tax rate was 40.0% and interest expense was $19 million. The company's after-tax cost of capital is 9.0% and the firm's total investor supplied operating capital employed equals $385 million. What is the company's EVA? (Answers are in $ millions.)
| $34.65 |
| $55.00 |
| $91.67 |
| $66.40 |
| $31.75 |
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