on's stockholders have provided $15,250 of capital, part when they purchased new issues of stock and part when they allowe Erm's earnings. The firm now has 1,000 shares of common stock outstanding, and it sells at a price of $42.00 per share. How ment added to stockholder wealth over the years, i.e., what is Janjigian's MVA? (Hint: MVA = Market value of equity-E 13.000/ Stook R's beta is 0.80. If the risk-free rate is 4.75%, what is the required rate of ret