At the end of this fiscal year, ABC Company's balance sheet showed $2,200,000 of long term debt, $1,000,000 of common st

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answerhappygod
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At the end of this fiscal year, ABC Company's balance sheet showed $2,200,000 of long term debt, $1,000,000 of common st

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At the end of this fiscal year, ABC Company's balance sheet
showed $2,200,000 of long term debt, $1,000,000 of common stock
account, and $2,891,802 of retained earnings. The company had no
preferred stock outstanding, and the market value of its long-term
debt was the same as its book value. The company had 116,197 shares
of common stock with the end-of-year price of $34.2 per share. How
much value (MVA) did ABC Company's management add to stockholders'
wealth this year? Round your answer to the nearest dollar, but
ignore dollar sign. If your answer has a negative number, add '-'
to your answer, e.g., xx,xxx or -xx,xxx. (Hint: MVA = MV of capital
- BV of capital)
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