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2. CemCan Co. Recently reported the foolowing income statement: Sales $ 14.000.000 Cost of Goods Sold (-) 6.000.000 Operating Expenses(-) 1.000.000 Depreciation and Amortization(-) 3.000.000

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2. CemCan Co. Recently reported the foolowing income statement: Sales $ 14.000.000 Cost of Goods Sold (-) 6.000.000 Operating Expenses(-) 1.000.000 Depreciation and Amortization(-) 3.000.000 Operating Income (EBIT) 4.000.000 Interest Expense 1.500.000 Taxable income (EBT) 2.500.000 Taxes (40%) 1.000.000 Net Income 1.500.000 *CemCan's cost of capital is 10 percent. If Total Asset of CC was 30 Million and Current Liabilities 10 Milliin, What is CemCan's EVA for the year? (Advanced Corporate Financial Management)

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