Here is a simplified balance sheet for Locust Farming:

Locust FarmingBalance Sheet($ in millions)Current assets$42,531Current liabilities$29,748Long-term assets46,846Long-term debt27,759Other liabilities14,331Equity17,539Total$89,377Total$89,377

Locust has 664 million shares outstanding with a market price of $90 a share.

a.Calculate the company's market value added.(Enter your answers in millions.)

b.Calculate the market-to-book ratio.(Round your answer to 2 decimal places.)

c.How much value as the company created for its shareholders as a percent of shareholders' equity, that is, the net capital contributed to the firm by its shareholders?(Enter your answer as a percentage rounded to the nearest whole number.)