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QUESTION
Home Depot entered fiscal 2016 with a total capitalization of $27,258 million. In 2016, debt investors received
Home Depot entered fiscal 2016 with a total capitalization of $27,258 million. In 2016, debt investors received
interest income of $845 million. Net income to shareholders was $6,390 million. (Assume a tax rate of 35%.)
Calculate the economic value added assuming its cost of capital is 10%. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
Economic value added:
