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Here are data on two firms: Equity ($ million) Acme 125 Apex Debt ($ million) 95 120 ROC Cost of Capital (%) (%) 14 9

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Here are data on two firms: Equity ($ million) Acme 125 Apex Debt ($ million) 95 120 ROC Cost of Capital (%) (%) 14 9 12 10 480 2-1. Calculate the higher economic value added? (Do not round intermediate calculations. Enter your answers in millions) Apex Higher economic value added 1100 million 1200 million Acme $ a-2. Which firm has the higher economic value added? Acme has higher economic value added Apex has higher economic value added b-1. Calculate the higher economic value added per dollar of invested capital? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Acme Apex Higher economic value added b-2. Which has higher economic value added per dollar of invested capital? Acme has higher economic value added per dollar of invested capital Apex has higher economic value added per dollar of invested capital

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