请问book value为什么不选R20 x 30 million = R600 million

问题如下：

1. Based upon the information in Exhibit 1, the market value added of the hypothetical firm is closest to:

选项：

R65 million.

R113 million.

R168 million.

解释：

Market value added equals the market value of firm minus total accounting book value of total capital.

Market value added = Market value of company  Accounting book value of total capital

Market value of firm = Market value of debt + Market value of equity

Market value of firm = R55 million + (30,000,000 × R25.43)

Market value of firm = R55 million + R762.9 million = R817.9 million

Market value added = R817.9 million  R650 million = R167.9 million, or approximately R168 million.