Please show your work

Byrd Lumber has 2 million shares of common stock outstanding that sell for $17 a share. If the company has $29 million of common equity on its balance sheet, what is the companys Market Value Added (MVA)? Answer options are provided in whole dollar.

a.$4,750,000

b.$4,500,000

c.$4,250,000

d.$5,750,000

e.$5,000,000

Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have?

Sales	$2,900
Costs	1,400
Depreciation	250
EBIT	$1,250
Interest expense	70
EBT	$1,180
Taxes (25%)	295
Net income	$885

a.$848

b.$750

c.$615

d.$668

e $698