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All-Canadian, Ltd. is a multiproduct company with three divisions: Pacific Division, Plains Division, and Atlantic Division. The company has two sources of long-term capital: debt

All-Canadian, Ltd. is a multiproduct company with three divisions: Pacific Division, Plains Division, and Atlantic Division. The company has two sources of long-term capital: debt and equity. The interest rate on All-Canadians $402 million debt is 9 percent, and the companys tax rate is 40 percent. The cost of All-Canadians equity capital is 12 percent. Moreover, the market value of the companys equity is $603 million. (The book value of All-Canadians equity is $432 million, but that amount does not reflect the current value of the companys assets or the value of intangible assets.)

The following data (in millions) pertain to All-Canadians three divisions.

Division Before-Tax Operating Income Current Liabilities Total Assets
Pacific $ 14 $ 7 $ 72
Plains 47 6 280
Atlantic 50 10 482

Compute the economic value added (or EVA) for each of the company's three divisions. (Do not round intermediate calculations. Enter your final answers in dollars and not millions.)

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