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2. Tangent Corporation recently reported the following information: Net Income = $ 756,000 Tax Rate = 37% Interest Expense = $ 300,000 Total Investor Supplied
2. Tangent Corporation recently reported the following information: Net Income = $ 756,000 Tax Rate = 37% Interest Expense = $ 300,000 Total Investor Supplied Capital S 10.5 million Weighted Average Cost of Capital = 10% What is the company's EVA? NOTE: You will need to calculate the company's EBIT by working up from the bottom of the income statement starting with net income. You can find taxable income dividing net income by (1 - tax rate)
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