Here is a simplified balance sheet for Locust Farming:

Locust FarmingBalance Sheet($ in millions)Current assets$42,536Current liabilities$29,743Long-term assets46,856Long-term debt27,764Other liabilities14,341Equity17,544Total$89,392Total$89,392

Locust has 657 million shares outstanding with a market price of $95 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.)