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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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