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THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 13 THROUGH 15. Waldorf Company has two resources of funds: long-term debt with a market value of $10 million

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THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 13 THROUGH 15. Waldorf Company has two resources of funds: long-term debt with a market value of $10 million issued at an interest rate of 12%, and e capital that has a market value of $8 million (book value of $4 million). Waldorf Company has investment centers in the following locations with the following operating incomes, total assets, and total liabilities. The cost of equity capital is 12%, while tax rate is 25%. (Calculate WACC to 4 decimal places.) quity Current Liabilities Virginia North Carolina Iennessee Operating Income Assets $960,000 $1,200,000 $2,040,000 $4,000,000 $200,000 $8,000,000 $600,000 $12,000,000 $1,200,000 13. What is the EVA for Virginia? 14. What is the EVA for North Carolina? 15. What is the EVA for Tennessee

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