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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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Input ID
4f68ec13-3b33-430c-bcf0-a75e230e279c
Created
February 21, 2024
Permission
Public