Please Explain to me step by step with formulas Thanks. 1. Over the years, O'Brien Corporation's stockholders have provided $80 million of capital, when they purchased new issues of stock and allowed management to retain some of the firm's earnings. The firm now has 3 million shares of common stock outstanding, and it sells at a price of $60.00 per share. How much value has O'Brien's management added to stockholder wealth over the years, i.e., what is O'Brien's MVA in million? 2. Valentino, Inc. has operating income for the year of $10 million, and a 25% tax rate. It is total invested capital is $5 million and its after-tax percentage cost of capital is 8%. What is the firms EVA in million? 3. On January 1, 2018 SILO Inc., purchased a new piece of lumber processing equipment for $400,000. The new equipment falls in a MACRS 7-year property class and has a 10-year life. The salvage value is expected to be 10% of the original purchase price. Using standard MACRS depreciation, the annual depreciation expense will be closest to __________for year 2019 (Year 2 only) Please answer the following 4 questions based on the information given below. Last year Pearson Brothers had $10 million in operating income before interest and tax (EBIT). Its depreciation expense was $3 million; its interest expense was $1 million; and its corporate tax rate was 25%. At year-end it had $16 million in current assets (Cash+A/R+Inventory), $5 million in account payable, 3 million in note payable, 2 million in accruals, and $20 million in net plant and equipment. There is no excess cash. 4. What was its net operating profit after taxes (NOPAT)? 5. What was its net operating working capital (NOWC)? 6. What was its total net operating capital (TNOC)? 7. If total net operating capital at the end of the previous year was 26 million, what was the companys free cash flow (FCF) for the year? 8. The Wilson Corporation has the following results: Sales/Total assets 2.0 Return on assets (ROA) 5.0% Return on equity (ROE) 9.0% What is Wilsons profit margin and debt/TA ratio? 9. During the latest year Ruth Corp. had a profit margin of 3%, a total asset turnover of 4, and common equity of $30 million, and total assets of $50 million. What is its ROE?

10. Aaron Aviation recently reported the following information: Net income $600,000 Total Assets $5,000,000 Interest expense $400,000 The companys average tax rate is 25%. What is the companys basic earning power (BEP)? 11. Culver Inc. has EBIT of $700 million. The companys interest charge is $120 million, what is the companys times-interest-earned (TIE) ratio? 12. Cleveland Corporation has 200,000 shares of common stock outstanding, the stockholders equity is 500,000, and its market/book ratio is 15. What is the companys stock price?