Problem $4-1$ Market Value Added $($LO$1)$

Here is a simplified balance sheet for Locust Farming:

Locust has $657$ million shares outstanding with a market price of $$83$ a share.

a$.$ Calculate the company's market value added.

b$.$ Calculate the market$-$to$-$book ratio.

c$.$ How much value has the company created for its shareholders as a percent of shareholders' equity, that is$,$ as a

percent of the net capital contributed by shareholders?