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Problem 19-16 Consider the following data for the firms Acme and Apex Equity is million) Debt ($ million) 250 ROC (A) 179 Cost of Capital

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Problem 19-16 Consider the following data for the firms Acme and Apex Equity is million) Debt ($ million) 250 ROC (A) 179 Cost of Capital (1) Nome Acme 150 75 750 156 108 a-1. Calculate the economic value added for Acme and Apex. (Enter your answers in millions rounded to 2 decimal places.) ances Economic value added for Aome Economic value added for Apex million million a-2. Which firm has the higher economic value added? Acme Apex b-1. Calculate the econominin 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 dolar per dollar b-2. Which firm has the higher economic value added per dollar of invested capital? Acme Apex

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