Question 12 (4 points) Hayes Corporation has $245 million of common equity on its balance sheet and 7,000,000 shares of common stock outstanding. The company's Market Value Added (MVA) is $175 million. What is the company's stock price? (Answers are in $ millions.) $35.00 $60.00 $25.00 $65.42 $22.87 Question 17 (4 points) Strack Houseware Supplies Inc. has $780 million in total assets. The other side of its balance sheet consists of $140.40 million in current liabilities, $226.20 million in long-term debt, and $413.40 million in common equity. The company has 21,300,000 shares of common stock outstanding, and its stock price is $50 per share. What is Strack's market-to-book ratio? 1.89 8.27 2.58 9.04 1.55