the Home Depot and Lowes EVA calculations for 2001-2004: EVA = NOPAT – (Total Net Operating Capital) (WACC) EVA = EBIT (1 – Tax Rate) – (Total Net Operating Capital) (WACC) 2001 (values in millions): Home Depot EVA = ($4,932) (1 – [$1,913/$4,957]) – ([$2,546 + $920 + $6,725] + $15,375 – [$3,436 + $717]) (12.3%) = $394,848,972.60 Lowe’s EVA = ($1,798) (1 – [$601/$1,625]) – ([$853 + $166 + $3,611] + $8,653 – [$1,715 + $221]) (11.6%) = -$183,235,384.60 2002 (values in millions): Home Depot…
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