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List below are the financial data and market information for 3 companies. Calculate the Market Value Added (MVA) and the percentage change for each company.

List below are the financial data and market information for 3 companies. Calculate the Market Value Added (MVA) and the percentage change for each company. MVA = Market Value - Capital Invested Big Bus Tours Air Extreme Life Adventures 2017 2016 2017 2016 2017 2016 Market Price/Share $120 $100 $5.10 $3.50 $240 $200 Shares Outstanding (#) of shares) 14,000 15,000 700,000 850,000 25,000 20,000 L/T Debt ($) $400,000 $300,000 $900,000 $575,000 $2 million $1 million S/E ($) $500,000 $600,000 $670,000 $900,000 $3 million $2 million Big Bus Tours Air Extreme Life Adventures 2017 2016 2017 2016 2017 2016 MVA % Change

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