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6. (6pt) Valuation using EVA. Valley Nova's income statement shows its net income this year was $262,500, its interest expense was $125,000, its marginal tax

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6. (6pt) Valuation using EVA. Valley Nova's income statement shows its net income this year was $262,500, its interest expense was $125,000, its marginal tax rate was 30%, and its earning per share is $2.00. Valley Nova's balance sheet shows its invested capital is $1.25 million. The firm has 150,000 shares outstanding. If its average cost of funds is 10%, what was the company's economic value added (EVA) this year? Interpret the value you computed

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