3) Here are data on two firms: Equity Debt ROA Cost of Capital ($ million)...
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3) Here are data on two firms: Equity Debt ROA Cost of Capital ($ million) ($ million) (%) (%) Acme 100 50 17 9 Apex 450 150 15 10 a. Which firm has the higher economic value added? (8 marks) b. Which firm has higher economic value added per dollar of invested capital? (8 marks)
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