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Target entered fiscal 2019 with a total capitalization of $21,937 million. In 2019, debt investors received interest income of $888 million. Net income to
Target entered fiscal 2019 with a total capitalization of $21,937 million. In 2019, debt investors received interest income of $888 million. Net income to shareholders was $8,687 million. (Assume a tax rate of 21%.) Calculate the economic value added assuming its cost of capital is 10%. Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. Economic value added 7,142.47 million
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