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Over the years, Janjigian Corporation's stockholders have provided $18,000 of capital, part when they purchased new issues of stock and part when they allowed management
Over the years, Janjigian Corporation's stockholders have provided $18,000 of capital, part when they purchased new issues of stock and part when they allowed management to retain some of the firm's earnings. The firm now has 1,00o shares of common stock outstanding, and it sells at a price of $42.00 per share. How much value has Janjigian's management added to stockholder wealth over the years, i.e., what is Janjigian's MVA? Select the correct answer. a. $24,003 b. $24,008 c. $24,010 d. $24,005 e. $24,000 Ullrich Printing Inc. paid out $21,750 of common dividends during the year. It ended the year with $400,000 of retained earnings versus the prior year's retained earnings of $132,250. How much net income did the firm earn during the year? Select the correct answer. a. $289,500 b. $289,436 c. $289,564 d. $289,693 e. $289,629
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