Suppose Virtucon (Dr Evil's fictitious mining company from the Austin  Power's Movies) raised $80 million of paid in capital by creating .8 million shares at $100 each for venture capitalists and granted himself .2 million shares for the $20 million of start-up capital contributed from Dr. Evil's own wealth, so that there is $100 million of paid in book-value equity. That money was used to buy all the land and machinery ($100 million of assets and no debt). So the venture capitalists got a fair equity stake. But the mining operations with the equipment and land they bought are generating $10 million of profit each year in a world with no taxes, so the ROE is 10%.

Assuming no growth opportunities, what is the market value of shares as they start to be more widely traded if we assume that other comparable stocks in the stock market have a 6% expected return so average investors find that adequate? (It could still be a private company, just more widely traded now, or imagine an IPO where existing shares are sold by the original funders, so there are still 1 million shares on the market). What is the share price? What is the P/E ratio? What are Market Cap, MVA, and EVA? Assuming zero taxes and also no debt.