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Problem 19-16 Consider the following data for the firms Acme and Apex Equity ($ million) 160 800 Debt ($ million) 80 267 ROC (%) Cost
Problem 19-16 Consider the following data for the firms Acme and Apex Equity ($ million) 160 800 Debt ($ million) 80 267 ROC (%) Cost of Capital (%) Acme Apex 15% 10% a-1. Calculate the economic value added for Acme and Apex (Enter your answers in millions rounded to 2 decimal places.) Economic value added for Acme Economic value added for Apex million million a-2. Which firm has the higher economic value added? Acme 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 Apex
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