Question: Here are data on two firms: Equity ($ million) Debt ($ million) ROC (%) Cost of Capital (%) Acme 260 90 16 10 Apex 300

Here are data on two firms:

	Equity ($ million)	Debt ($ million)	ROC (%)	Cost of Capital (%)
Acme	260	90	16	10
Apex	300	200	14	11

a-1. Calculate the economic value added? (Do not round intermediate calculations. Enter your answers in millions)

a-2. Which firm has the higher economic value added?

b-1. Calculate the economic value added per dollar of invested capital? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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

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