Foundations in Finance FIN30000 Fall 2018 Russell Tyler Pavone9/30/18 5:40 PM Homework: Module 2: Chapter 4 Homework Save Score: 0 of 1 pt 4 of 15 (3 complete) HW Score: 17.78%, 2.67 of 15 pts Problem 4-16 (similar to) Question Help (Economic value added) Drew Concrete uses Economic Value Added as a financial performance measure. Drew has $190 million in assets, and the firm has financed its assets with 35% equity and 65% debt with an interest rate of 8%. The firm's opportunity cost on its funds is 12%, while the operating return on the firm's assets is 13%. a. What is the Economic Value Added created or destroyed by Drew Concrete? 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.)