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2. Logit Company is frustrated that investors do not want to purchase their stock. They have been a profitable company but investors are very concerned

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2. Logit Company is frustrated that investors do not want to purchase their stock. They have been a profitable company but investors are very concerned about their economic value added (EVA). Using the numbers below, calculate EVA and explain to Logit why they are not an attractive investment. 8 pts Net Sales- $10,000,000; Operating Sales $7,000,000; Net Operating Profit- $3,000,000 Interest-$500,000; Taxes $500,000; Net Income-$2,000,000 Total Assets-$25,000,000; Total Liabilities-$10,000,000; Cost of Equity Capital ,-10%

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