Question: Here are data on two firms: ROC (%) Equity Debt ($ million) ($ million) 240 60 360 140 Cost of Capital (%) 13 14 Acme

Here are data on two firms: ROC (%) Equity Debt ($ million) ($ million) 240 60 360 140 Cost of Capital (%) 13 14 Acme Apex 19 17 a-1. Calculate the economic value added? (Do not round intermediate calculations. Enter your answers in millions) Acme Apex Economic value added million million a-2. Which firm has the higher economic value added? Apex has higher economic value added Acme has higher economic value added Apex has higher economic value added Acme has 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.) Acme Apex Economic value added million million b-2. Which has higher economic value added per dollar of invested capital? Acme has higher economic value added per dollar of invested capital Apex has higher economic value added per dollar of invested capital

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