Quantitative Problem: Rosnan Industries 2017 and 2016 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2017 2016 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Accounts payable Accruals Notes payable Total current liabilities Long term debt Common stock Retained earnings Total liabdities and equity $100 275 375 $750 2.000 $2,750 $150 75 150 $375 450 1,225 700 $2,750 $85 200 250 $635 1,490 $2,125 $85 50 75 $210 290 1,225 400 $2.125 Income Statements: 2016 2017 Sales $2.000 Operating costs excluding depreciation 1,250 EBITDA $750 Depreciation and amortization 100 EBIT $650 Interest 62 EBT 5588 Taxes (40%) 235 Net income $353 $228 Dividends paid $53 $48 Addition to retained earnings $300 $180 Shares outstanding. 110 110 Price $28.75 $31.25 8.00% WACC Using the financial statements above, what is Rosnan's 2017 market value added (MVA)? Round your answer to the nearest dollar. Do not round intermediate calculations. 3438 Using the financial statements given earlier, what is Rosnan's 2017 economic value added (EVA)? Round your answer to the nearest cent. Do not round intermediate calculations. 200 $1,500 1,000 $500 75 $425 45 $380 152