1. In its recent income statement, Smith Software Inc. reported paying $13 million in dividends to common shareholders, and in its year-end balance sheet, Smith reported $355 million of retained earnings. The previous year, its balance sheet showed $346 million of retained earnings. What was the firm's net income during the most recent year? (Answers are in $ millions.)

	$13.00
	$9.00
	$22.00
	$7.00
	$29.00

2. Casey Motors recently reported net income of $77 million. The firm's tax rate was 40.0% and interest expense was $25 million. The company's after-tax cost of capital is 10.0% and the firm's total investor supplied operating capital employed equals $539 million. What is the company's EVA? (Answers are in $ millions.)

	$92.00
	$77.00
	$128.33
	$38.10
	$53.90