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Problem 19-16 Consider the following data for the firms Acme and Apex: Debt ROC Cost of Capital Equity ($ million) 110 550 Acme Apex ($
Problem 19-16 Consider the following data for the firms Acme and Apex: Debt ROC Cost of Capital Equity ($ million) 110 550 Acme Apex ($ million) 55 183 17% 15% 9% 10% 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 OApex a-2. Which firm has the higher economic value added? O Acme OApex b-1. Calculate the economic value added per dollar of invested capital for Acme and Apex. (Round your answers to 2 decimal places.) per dollar Economic value added for Acme Economic value added for Apex per dollar b-2. Which firm has the higher economic value added per dollar of invested capital? O Acme OApex
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