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Over the years, McLaughlin Corporation's stockholders have provided $34,000,000 of capital, when they purchased new issues of stock and allowed management to retain some of

Over the years, McLaughlin Corporation's stockholders have provided $34,000,000 of capital, when they purchased new issues of stock and allowed management to retain some of the firm's earnings. The firm now has 2,100,000 shares of common stock outstanding, and the shares sell at a price of $28 per share. How much value has McLaughlins management added to stockholder wealth over the years, i.e., what is McLaughlins MVA? Round your answer to the nearest dollar, if necessary.

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