Question: Here are data on two firms: Equity ($ million) Debt ($ million) ROC (%) Cost of Capital (%) Acme 120 80 16 11 Apex 510

Here are data on two firms: Equity ($ million) Debt ($ million) ROC (%) Cost of Capital (%) Acme 120 80 16 11 Apex 510 190 14 12 Required: 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? multiple choice 1 Acme Apex 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? multiple choice 2 Acme Apex

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