3 Economic Value Add (EVA) 15 marks i. Perform an EVA calculation on your own organization, commenting on the result. You must clearly show the WACC, CAPM and EVA calculations in your answer and state reasons for any assumptions made. ii. Reflecting on the answer, briefly discuss 5 potential areas which can improve the EVA of the organisation. If you are unable to do these calculations due to the nature of your organization or you do not have access to the required information, please specify the nature of your organization and the reasons for your inability to do the EVA calculation for your organization. Then as an alternative, you may perform the EVA calculation using the Annual Financial Statements of PPC discussed in question 2 above. In the case of PPC, assume the following in your calculations; Cost of all interest-bearing borrowings is 10% (before tax) Risk Free rate = 9% Beta = 1.5 Market Premium = 5% Company tax rate is 25% Lease amounts should be included as loans