The statement of financial position and the statement of profit or loss for Lavender Plantations Pty Ltd are presented below.

The WACC is 15 percent.

Required

Calculate the EVA.

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Current assets Cash on hand Accounts receivable Inventory Prepayments Non-current assets (net) Plant and equipment Office equipment Total assets Current liabilities Accounts payable Accrued expenses Income tax payable Dividend payable Non-current liabilities Loan Total liabilities Net assets Owners' equity Share capital Retained profits LAVENDER PLANTATIONS PTY LTD Statement of financial position as at 31 December 2021 Total equity $110977 145 000 170 000 25 000 450 977 450 000 28 333 478 333 929310 78 000 5000 100 950 75 000 258 950 120 000 378 950 $550360 $200 000 350 360 $550 360