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Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an

Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset.

Balance Sheets:
2018 2017
Cash and equivalents $100 $85
Accounts receivable 275 200
Inventories 375 250
Total current assets $750 $635
Net plant and equipment 2,000 1,490
Total assets $2,750 $2,125
Accounts payable $150 $85
Accruals 75 50
Notes payable 150 75
Total current liabilities $375 $210
Long-term debt 450 290
Common stock 1,225 1,225
Retained earnings 700 400
Total liabilities and equity $2,750 $2,125

Income Statements:
2018 2017
Sales $2,000 $1,500
Operating costs excluding depreciation 1,250 1,000
EBITDA $750 $500
Depreciation and amortization 100 75
EBIT $650 $425
Interest 62 45
EBT $588 $380
Taxes (40%) 235 152
Net income $353 $228
Dividends paid $53 $48
Addition to retained earnings $300 $180
Shares outstanding 190 190
Price $27.78 $25.28
WACC 9.00%

Using the financial statements above, what is Rosnan's 2018 market value added (MVA)? Do not round intermediate calculations. Round your answer to the nearest dollar. $

Using the financial statements given earlier, what is Rosnan's 2018 economic value added (EVA)? Do not round intermediate calculations. Round your answer to the nearest cent. $

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