At the end of this fiscal year, ABC Company's balance sheet showed $5,339,731 of long...
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Finance
At the end of this fiscal year, ABC Company's balance sheet showed $5,339,731 of long term debt, $1,000,000 of common stock account, and $2,528,441 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 108,025 shares of common stock with the end-of-year price of $40 per share. How much value (MVA) did ABC Company's management add to stockholders' wealth this year? Ignore the dollar sign and round your final answer to the nearest dollar.
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