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66. A firm has an EBIT of $22 million, total invested capital of $74 million, and the average cost of funds of 12%. The firm
66. A firm has an EBIT of $22 million, total invested capital of $74 million, and the average cost of funds of 12%. The firm has a marginal tax rate of 35% and 4.2 million shares of the firm are outstanding. What is the EVA of the firm? a. $4.83 million b. $5.42 million c. $6.33 million d. 3.61 million e. $7.97 million
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