Here are data on two firms.

	Equity			Debt			ROC		Cost of Capital
	($ million)			($ million)			(%)		(%)
Acme		140			70		17	%		9	%
Apex		700			233		15	%		10	%

a-1.	Calculate the economic value added for Acme and Apex. (Enter your answers in millions not in whole dollars. Round your answer to 2 decimal places.Omit the "$" sign in your response.)

Economic value added for Acme	$ million
Economic value added for Apex	$ million

a-2.

Which firm has the higher economic value added?

	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.)

Economic value added for Acme	per dollar
Economic value added for Apex	per dollar