Byrd Lumber has 2 million shares of common stock outstanding that sell for $17 a share. If the company has $40 million of common equity on its balance sheet, what is the company's Market Value Added (MVA)? Answer options are provided in whole dollar.
A. -$6,000,000
B. -$5,100,000
C. -$7,200,000
D. -$5,400,000
E. -$6,600,000
Answer: A
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