Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) Current assets $ 42,543 Current liabilities $ 29,736 Long-term assets 46,870 Long-term debt 27,771 Other liabilities 14,355 Equity 17,551 Total $ 89,413 Total $ 89,413 Locust has 664 million shares outstanding with a market price of $102 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.)