EVA = adjusted after-tax operating income - cost of invested capital - a percentage x adjusted average invested capital).

Name: EVA = adjusted after-tax operating income - cost of invested capital - a percentage x adjusted average invested capital).
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This formula represents economic value added (EVA), which is a measure of a company's financial performance and measures the value created by a company above and beyond its cost of capital.

EVA = Adjusted After-Tax Operating Income - Cost of Invested