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Here are data on two firms: ROC Equity ($ million) Debt ($ million) Cost of Capital (%) 10 11 Acme Apex 140 440 60 160

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Here are data on two firms: ROC Equity ($ million) Debt ($ million) Cost of Capital (%) 10 11 Acme Apex 140 440 60 160 16 14 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 O 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 Apex has higher economic value added per dollar of invested capital

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