The Web site www.mhhe.com/bma contains an Excel program for measuring the profitability of the Nodhead project. Reconstruct Table assuming a steady-state growth rate of 10% per year. Your answer will illustrate a fascinating theorem, namely, that book rate of return equals the economic rate of return when the economic rate of return and the steady-state growth rate are thesame.

TABLE 2 3 5 6 Book income for store 67 2 Total book income -67 -33 Book value for store 1,000 834 1,000 1,000 1,000 1,000 1,000 Total book value 1,000 1,834 2,501 Book ROl for all stores EVA 0.126b 92.66 0.067 0.018 0.020 19 0.060 0.094 166.73 216.79 Steady state