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Problem 7 (Economic Value Added): Davao's economic value added is P 40,000 while its tax rate is 40%. Total Non-current liabilities amounted to P 500,000

Problem 7 (Economic Value Added): Davao's economic value added is P 40,000 while its tax rate is 40%. Total Non-current liabilities amounted to P 500,000 which pays 8% while total equity amounted to P 1,500,000 which pays at 10.4%

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