solve requirement B

= X Data table More info High City has two sources of funds: long-term debt with a market and book value OperatingIncome__Assets__ Current Liabilities of $26 million issued at an interest rate of 10% and equity capital that has a market NewYork $ 2,000,000 $ 15,000,000 $ 2,300,000 value of $17 million (book value of $11 million). The cost of equity capital for High City is 13%, and its tax rate is 30%. High City has divisions in two cities that Chicago 2,600,000 13,500,000 3,400,000 operate autonomously. The company's WACC is 0.09372) . 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 x ( Total assets - |Current liabilities v| )= EVA New York: -( x ( - )= Chicago