Casey Motors recently reported the following information: ∙ Net income = $475,000.
∙ Tax rate = 25%.
∙ Interest expense = $200,000.
∙ Total invested capital employed = $9 million.
∙ After-tax cost of capital = 10%.
What is the company's EVA?

Question

Quizplus · Accepted Answer

The Answer of Casey Motors recently reported the following information: ∙ Net income = $475,000.
∙ Tax rate = 25%.
∙ Interest expense = $200,000.
∙ Total invested capital employed = $9 million.
∙ After-tax cost of capital = 10%.
What is the company's EVA?

Casey Motors Recently Reported the Following Information: ∙ Net Income