Great Corporation has two divisions- the Rad Division and the Club Division. The interest rate on Great's s $61 million (market value) of long-term debt is 10 percent. The company's tax rate is 40 percent. The cost of Great's equity capital is 15 percent. The market value of Great's equity is $87 million. The divisions' total assets, current liabilities, and before-tax operating income for last year are as follows: Before-Tax Current Division Total Assets Operating Liabilities Income Rad $97,000,000 $5,200,000 $ 20,600,000 Club 65,800,000 3,800,000 18,700,000 Required: For the Rad Division only: (i) Calculate the Return on Investment (ROI) percentage. Show workings. (ii) Calculate the Residual Income amount. (Minimum required rate is 12%.) Show workings. (iii) Calculate the economic value added (EVA) amount. Show workings.

Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $44 million. Included in the income was interest expense of $3,000,000. The company's tax rate was 40%. Total assets were $475 million, current liabilities were $109,000,000, and $70,000,000 of the current liabilities are noninterest bearing. What are the invested capital and ROI for Macon? Enter your answer in whole dollar. Round "ROI" answer to two decimal places. Invested Capital $fill in the blank 1   ROI fill in the blank 2%

Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $36 million. Included in the income was interest expense of $3,100,000. The company's tax rate was 40%. Total assets were $470 million, current liabilities were $102,000,000, and $73,000,000 of the current liabilities are noninterest bearing. What are the invested capital and ROI for Macon? Enter your answer in whole dollar. Round "ROI" answer to two decimal places.

Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $45 million. Included in the income was interest expense of $3,300,000. The company's tax rate was 40%. Total assets were $472 million, current liabilities were $103,000,000, and $71,000,000 of the current liabilities are noninterest bearing. What are the invested capital and ROI for Macon? Enter your answer in whole dollar. Round "ROI" answer to two decimal places. Invested Capital $________ ROI _______%

Last year, Stewart-Stern Inc. reported $11,250 of sales, $4,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $2,500 of bonds outstanding that carry a 7.00% interest rate, and its federal-plus-state income tax rate was 25.00%. During last year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,600. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. This year's data are expected to remain unchanged except for one item, depreciation, which is expected to increase by $900. By how much will the depreciation change cause (1) the firm's net income and (2) its free cash flow to change? Note that the company uses the same depreciation for tax and stockholder reporting purposes. Do not round the intermediate calculations

Springfield Corporation, whose tax rate is 30%, has two sources of funds: long-term debt with a market value of $8,400,000 and an interest rate of 8%, and equity capital with a market value of $14,000,000 that commands a 7-point premium. Springfield has two operating divisions, the Blue division and the Gold division, with the following financial measures for the current year: Total Assets Operating Income Blue Division $9,500,000 $1,059,000 Gold Division $12,900,000 $1,200.000 What is Economic Value Added (EVA) for the Blue Division?

Shrives Publishing recently reported $11,500 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. During the year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow? a. $4,450.00 b. $2,012.50 c. $3,262.50 d. $4,812.50 e. $6,362.50

Shrives Publishing recently reported $11,500 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. During the year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow?

Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,818,300. Depreciation and amortization was $830,300, interest expense for the year was $872,900, and selling general and administrative expenses totaled $1,404,600 for the year, and cost of goods sold was $10,640,400 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax? Round to the nearest cent.

Rivera Corporation has an operating income of $3 million and a tax rate of 32%. Capital invested is $12 million and the after-tax percentage cost of capital is 9%. Determine the economic value added (EVA) of the company.