Exercise 13-28 Revised Refer to the data in the preceding exercise for Golden Gate Construction...
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Exercise 13-28 Revised Refer to the data in the preceding exercise for Golden Gate Construction Associates. The company has two divisions: the real estate division and the construction division. The divisions total assets, current liabilities, and before-tax operating income for the most recent year are as follows: Current Before-Tax Division Total Assets Liabilities Operating Income Real estate 90,000,000 5,000,000 16,000,000 Construction 50,000,000 3,000,000 14,000,000 Required: Calculate the economic value added (EVA) for each of Golden Gate Construction Associates divisions. (You will need to use the weighted-average cost of capital, which was computed in the preceding exercise.) wacc 11.20
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