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1# Eeva Inc. has an EBIT of $1.5 million. The tax rate is 35 percent. Eeva has a debt of $2.5 million and common equity

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Eeva Inc. has an EBIT of $1.5 million. The tax rate is 35 percent. Eeva has a debt of $2.5 million and common equity of $5 million. Eevas cost of capital is estimated to be 11 percent. Eeva has 1 million shares outstanding and its current share price is trading at $6. Its book value of debt is similar to its estimated market value of debt. Calculate Eevass economic value added and market value added.

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