Casey Motors recently reported the following information:
∙Net income = $600,000.
∙Tax rate = 40%.
∙Interest expense = $200,000.
∙Total invested operating capital employed = $9 million.
∙After-tax cost of capital = 10%.
What is the company's EVA?
A) −$171,000
B) −$180,000
C) −$189,000
D) −$198,450
E) −$208,373
Correct Answer:
Verified
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