Its market value added mva is 40 million how many common, Financial Management

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Its market value added mva is 40 million how many common

Harper Industries has $100 million of common equity on its balance sheet; its stock price is $64 per share; and its market value added (MVA) is $40 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the nearest whole number, if necessary.

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