Miami Rivet has 500,000 common shares outstanding, and the common stock amount on the balance sheet is $5 million. The company has not issued or repurchased common stock during the year. Last year’s balance in retained earnings was $11.2 million, and the firm paid out dividends of $1.8 million during the year. Based on this information Miami Rivet’s Total Stockholders’ Equity is:
1.If the firm’s stock price at year-end is $52, what is the firm’s market value added (MVA)?2.If the firm’s after-tax percentage cost of capital is 9%, what is the firm’s Long-term debt at year-end?3.If the firm’s after-tax percentage cost of capital is 9%, what is the firm’s total invested capital at year-end?