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Here are data on two firms: ROC Cost of Capital Equity ($ million) 100 490 Debt ($ million) 60 160 Acme Apex 14 12 9

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Here are data on two firms: ROC Cost of Capital Equity ($ million) 100 490 Debt ($ million) 60 160 Acme Apex 14 12 9 10 a-1. Calculate the economic value added? (Do not round intermediate calculations. Enter your answers in millions) Acme Apex Economic value added million million 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 economic value added per dollar of invested capital? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Acme Apex Economic value added million million b-2. Which has higher economic value added per dollar of invested capital? Acme has higher economic value added per dollar of invested capital O Apex has higher economic value added per dollar of invested capital

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