Score: 1.02 2 0f 4 (2 complete) AV score. 42.0570, pis % T123-2 (algo) More Info Speed City supplies helicopters to corporate clients. (Click the icon to view additional information.) The company's (Click the ice Read the require - VOC Speed City has two sources of funds: long-term debt with a market and book value of $26 million issued at an interest rate of 10% and equity capital that has a market value of $14 million (book value of $13 million). The cost of equity capital for Speed City is 17%, and its tax rate is 40%. Speed City has divisions in two cities that operate autonomously. Market value of debt Market value of equity (Enter the amount as a decimal. Round the WACC to five decimal places in the format X.XXXXX.) Print Done The company's WACC is 0.09850 Requirement b. Compute each division's Economic Value Added. Determine the formula to calculate the EVA of each city. Then enter the amounts for New York and Chicago and calculate the EVA for each. (Enter the WACC to five decimal places in the format X.XXXXX. Round your intermediary calculations to the nearest whole number. Use parentheses or a minus sign when entering a negative EVA. Abbreviation used: inc. = income.) After tax operating inc. -( WACC Total assets x Current liabilities )) = EVA Data Table New York 1,260,000 0.09850 x $ 14,000,000 - $ 3,000,000 >= $ 176,500 - Chicago: Operating Current 0.09850 x Income Assets Liabilities New York $ 2,100,000 $ 14,000,000 $ 3,000,000 Enter any number in the edit fields and then click Check Answer. Chicago 2,850,000 13,000,000 4,000,000