QUESTION 28 Celebration Corporation has two sources of financing: $3 millions of bonds paying 71% interest, and $7 millions in common stock with the risk persis. The rate of return long US er has in 6%. The marginal tax rate is 40% Celebration Corporation had after-tax income last year of $980,000 Required: (1) Compute economic value added for Celebration for last year. (2) Is Celebration creating or destroying wealth? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)