Question: Here are data on two firms: Equity ($ million) Debt ($ million) ROC (%) Cost of Capital (%) Acme 200 150 18 12 Apex 410

Here are data on two firms:

Equity ($ million) Debt ($ million) ROC (%) Cost of Capital (%)
Acme 200 150 18 12
Apex 410 190 16 13

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

Acme Apex
Higher economic value added $ million $ million

b-1.

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

Acme Apex
Higher economic value added $ $

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