Home Depot entered fiscal 2016 with a total capitalization of $27 258 million In 2016 debt investors received

Question

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:

Finance