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Calculate each divisions economic value added (EVA) ($). New York Chicago Houston Los Angeles Please refer to the information below Company X funds operations with

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Calculate each divisions economic value added (EVA) ($). New York Chicago Houston Los Angeles Please refer to the information below Company X funds operations with debt and equity Key divisions are located in New York, Chicago, Houston, and Los Angeles Debt: $32-million market value ($32-million book value), 10% interest rate Equity: $18-million market value ($8-million book value) Cost of equity is 15% Tax rate is 30% Calculate each divisions economic value added (EVA) ($). New York Chicago Houston Los Angeles Please refer to the information below Company X funds operations with debt and equity Key divisions are located in New York, Chicago, Houston, and Los Angeles Debt: $32-million market value ($32-million book value), 10% interest rate Equity: $18-million market value ($8-million book value) Cost of equity is 15% Tax rate is 30%

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