Question: Here are data on two firms. b-2. Which has the higher economic value added per dollar of invested capital? Acme Apex Equity Debt ($ million)

Here are data on two firms.

Here are data on two firms. b-2. Which has the higher economic

b-2.	Which has the higher economic value added per dollar of invested capital?

	Acme Apex

Equity Debt ($ million) ($ million) 300 150 1,500 500 ROC (%) 17% 15% Cost of Capital (%) 9% Acme Apex 10% a-1. Calculate the economic value added for Acme and Apex. (Enter your answers in millions not in whole dollars. Round your answer to 2 decimal places. Omit the "$" sign in your response.) $ million Economic value added for Acme Economic value added for Apex $ million a-2. Which firm has the higher economic value added? Acme OApex b-1. Calculate the economic value added per dollar of invested capital for Acme and Apex. (Round your answers to 2 decimal places.) O per dollar Economic value added for Acme Economic value added for Apex O per dollar b-2. Which has the higher economic value added per dollar of invested capital

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