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Exercise 18.24 Following is information for the Fulcrum Company's three business segments located in Europe: Segment A B Pretax operating income 14,000,000 7,000,000 10,500,000 Current
Exercise 18.24 Following is information for the Fulcrum Company's three business segments located in Europe: Segment A B Pretax operating income 14,000,000 7,000,000 10,500,000 Current assets 14,000,000 10,500,000 14,000,000 Long-term assets 56,000,000 45,500,000 28,000,000 Current liabilities 7,000,000 3,500,000 5,250,000 Fulcrum's applicable tax rate for the segments is 30%, and its weighted average cost of capital for each segment is 10%. Which segment has the highest EVA? (Show a negative amount preceded by a minus sign, e.g. -100,000 or (100,000).) Segment A B EVA: has the highest EVA
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