Celebration Corporation has two sources of financing: $3 millions of bonds paying 7% interest, and $7 millions in common stock with 6% risk premium. The rate of return on long-term U.S. treasure bonds is 6%. The marginal tax rate is 40%. Celebration Corporation had after-tax income last year of $980,000. Required: (1) Compute economic value added for Celebration for last year. (2) Is Celebration creating or destroying wealth? T