Excel City supplies helicopters to corporate clients. The company's results for 2020 are as follows: Requirement a. What is Excel City's weighted average cost of capital? Begin by determining the formula to calculate WACC. (Enter the amount as a decimal. Round the WACC to five decimal places, in the format X.XXXXX.) The company's WACC is Requirement b. Compute each division's Economic Value Added. Determine the formula to calculate the EVA of each city. Then enter the amounts for New York and Chicago and calculate the EVA for each. (Enter the WACC to five decimal places in the format X.XXXXX. Round your intermediary calculations to the nearest whole number. Use parentheses or a minus sign when entering a negative EVA. Abbreviation used: inc. = income.) New York: Data table el City supplies helicopters to corporate clients. More info Excel City has two sources of funds: long-term debt with a market and book value of $26 million issued at an interest rate of 10% and equity capital that has a market value of $15 million (book value of $6 million). The cost of equity capital for Exce City is 14%, and its tax rate is 40%. Excel City has divisions in two cities that operate autonomously. a. What is Excel City's weighted average cost of capital? b. Compute each division's Economic Value Added