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![]() The following table gives abbreviated balance sheets and income statements for Walmart. <image 1> At the end of fiscal 2017, Walmart had 2,960 million shares outstanding with a share price of $106. The company's weighted-average cost of capital was about 5%. Assume the marginal corporate tax rate was 35%. Calculate Economic value added. (A) $6,340 (B) $7,340 (C) $8,340 (D) $9,340 Answer with the option's letter from the given choices directly. No punctuation. | A Expected Answer: D Difficulty: Hard Subfield: Corporate Finance |
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