khandon9005 khandon9005

02-06-2023
Business

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ACME Company has operating income for the year of $8 million and a 25% tax rate. Its total invested capital is $30 million and its after-tax percentage cost of capital is 10%. What is the firm's economic value added? A. 4.5 million
B. 3.25 million C. 3 million D. 3.5 million
E. 4 million

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