Consider a four-step serial process with processing times given in the list below. There is one machine at each step of the process and this is a machine-paced process. Step 1: 26 minutes per unit
Step 2: 16 minutes per unit
Step 3: 23 minutes per unit
Step 4: 26 minutes per unit

Assuming that the process starts out empty, how long will it take (in hours) to complete a batch of 91 units?

For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?