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HHH Inc. reported $23,500 of sales and $11,050 of operating costs (including depreciation). The company had $21,750 of operating capital, the weighted average cost of
HHH Inc. reported $23,500 of sales and $11,050 of operating costs (including depreciation). The company had $21,750 of operating capital, the weighted average cost of that capital (the WACC) was 10%, and the tax rate was 38%. How much value did management add to shareholders' wealth during the year? Answer in dollars to the nearest cent (i.e. 2 decimals) Your
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