Question: Quantitative Problem: Rosnan Industries' 2 0 1 8 and 2 0 1 7 balance sheets and income statements are shown below. All of the balance

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:
20182017
Cash and equivalents $100 $85
Accounts receivable 275200
Inventories 375250
Total current assets $750 $635
Net plant and equipment 2,0001,490
Total assets $2,750 $2,125
Accounts payable $150 $85
Accruals 7550
Notes payable 15075
Total current liabilities $375 $210
Long-term debt 450290
Common stock 1,2251,225
Retained earnings 700400
Total liabilities and equity $2,750 $2,125
Income Statements:
20182017
Sales $2,000 $1,500
Operating costs excluding depreciation 1,2501,000
EBITDA $750 $500
Depreciation and amortization 10075
EBIT $650 $425
Interest 6245
EBT $588 $380
Taxes (40%)235152
Net income $353 $228
Dividends paid $53 $48
Addition to retained earnings $300 $180
Shares outstanding 120120
Price $22.73 $20.23
WACC 11.00%
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.

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