Consider the following data for the firms Acme and Apex:

EquityDebtROCCost of Capital ($ million)($ million)(%)(%)Acme 300 150 17% 9%Apex 1,500 500 15% 10%

a-1. Calculate the economic value added for Acme and Apex. (Enter your answers in millions rounded to 2 decimal places.)

a-2. Which firm has the higher economic value added? multiple choice 1

• Acme
• Apex

b-1. Calculate the economic value added per dollar of invested capital for Acme and Apex. (Round your answers to 2 decimal places.)

b-2. Which firm has the higher economic value added per dollar of invested capital? multiple choice 2

• Acme
• Apex

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