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(Economic value added) Drew Concrete uses Economic Value Added as a financial performance measure. Drew has $210 million in assets, and the firm has financed
(Economic value added) Drew Concrete uses Economic Value Added as a financial performance measure. Drew has $210 million in assets, and the firm has financed Its assets with 65% equity and 35% debt with an interest rate of 9%. The firm's opportunity cost on its funds is 15%, while the operating return on the firm's assets is 12% a. What is the Economic Value Added created or destroyed by Drew Concreto? b. What does Economic Value Added measure? a. What is the Economic Value Added (EVA) created or destroyed by Drew Concrete? Enter a positive number for EVA created or a negative number for EVA destroyed s million (Round to one decimal place.) Question Help (Economic value added) Drew Concrete uses Economic Value Added as a financial performance measure. Drew has $210 million in assets and the firm has financed its assets with 65% equity and 35% debt with an interest rate of 9%. The film's opportunity cost on its funds is 15%, while the operating return on the firm's assets is 12% a. What is the Economic Value Added created or destroyed by Drew Concreto? b. What does Economic Value Added measure? a. What is the Economic Value Added (EVA) created or destroyed by Drew Concrete? Enter a positive number for EVA created or a negative number for EVA destroyed $ million (Round to one decimal place)
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