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Calculate the economic value added

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Home Depot entered fiscal 2017 with a total capitalization of $21,937 million. In 2017, debt investors received interest income of $888 million. Net income to shareholders was $8,687 million. (Assume a tax rate of 21%.)

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 is:

Reference no: EM132785620

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