Here are data on two firms:

Equity

$($$ million$)$ Debt

$($$ million$)$ ROC

$(\%)$ Cost of Capital

$(\%)$

Acme $10060149$

Apex $4901601210$

Required:

a$-1.$ Calculate the economic value added? $($Do not round intermediate calculations. Enter your answers in millions$)$

a$-2.$ Which firm has the higher economic value added?

multiple choice $1$

Acme

Apex

b$-1.$ Calculate the economic value added per dollar of invested capital? $($Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

b$-2.$ Which has higher economic value added per dollar of invested capital?

multiple choice $2$

Acme

Apex