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Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an

Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset.

Balance Sheets:
2020 2019
Cash and equivalents $100 $85
Accounts receivable 275 200
Inventories 375 250
Total current assets $750 $535
Net plant and equipment 2,300 1,590
Total assets $3,050 $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 1,000 400
Total common equity $2,225 $1,625
Total liabilities and equity $3,050 $2,125

Income Statements:
2020 2019
Sales $2,285 $1,585
Operating costs excluding depreciation 1,250 1,000
EBITDA $1,035 $585
Depreciation and amortization 100 75
EBIT $935 $510
Interest 63 46
EBT $872 $464
Taxes (25%) 218 116
Net income $654 $348
Dividends paid $54 $48
Addition to retained earnings $600 $300
Shares outstanding 100 100
Price $26.00 $23.50
WACC 11.00%

Using the financial statements above, what is Rosnan's 2020 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 2020 economic value added (EVA)? Do not round intermediate calculations. Round your answer to the nearest cent.

$

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