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Problem 19-16 Consider the following data for the firms Acme and Apex Debt ROC cost of Equity ($ million) 290 1,450 Capital (%) (%) (5

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Problem 19-16 Consider the following data for the firms Acme and Apex Debt ROC cost of Equity ($ million) 290 1,450 Capital (%) (%) (5 million) 145 483 Acme Apex 17 15% 1066 a-1. Calculate the economic value added for Acme and Apex (Enter your answers in millions rounded to 2 decimal places.) million Economic value added for Acme Economic value added for Apex million a-2. Which firm has the higher economic value added? Acme Apex b-1. Calculate the economic value added per dollar of invested capital for Acme and Apex (Round your answers to 2 decimal places.) Economic value added for Acme Economic value added for Apex per dollar per dollar b-2. Which firm has the higher economic value added per dollar of invested capital? Acme

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