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#10 Lincoln Company has two divisions: Grant and Sherman. The following information pertains to Grant: Net after-tax income: $409,697 Total capital employed: $3,324,030 Lincoln's actual

#10

Lincoln Company has two divisions: Grant and Sherman.

The following information pertains to Grant:

Net after-tax income: $409,697

Total capital employed: $3,324,030

Lincoln's actual cost of capital was 8%.

Calculate the Economic Value Added (EVA) for the Grant Division.

Do not round your intermediate calculations!!!

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