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Problem 19-16 Consider the following data for the firms Acme and Apex: Equity ($ million) 200 1,000 Debt ($ million) ROC (%) 17% 15% Cost

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Problem 19-16 Consider the following data for the firms Acme and Apex: Equity ($ million) 200 1,000 Debt ($ million) ROC (%) 17% 15% Cost of Capital (%) 9% Acme Apex 100 333 10% a-1. Calculate the economic value added for Acme and Apex. (Enter your answers in millions rounded to 2 decimal places.) X Answer is complete but not entirely correct. 33.60 X million Economic value added for Acme Economic value added for Apex 33.60 X million

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