Here is a simplified balance sheet for Locust Farming:

Locust FarmingBalance Sheet($ in millions)Current assets$42,544 Current liabilities$29,735 Long-term assets 46,872 Long-term debt 27,772 Other liabilities 14,357 Equity 17,552 Total$89,416 Total$89,416 Locust has 665 million shares outstanding with a market price of $103 a share.

a. Calculate the companys 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.)(Increase value of equity)