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Arkansas Architectural Drafting Tool Corporation has been provided by its lenders and owners with $31,400,000 to purchase assets. Managers estimate the company's weighted average cost

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Arkansas Architectural Drafting Tool Corporation has been provided by its lenders and owners with $31,400,000 to purchase assets. Managers estimate the company's weighted average cost of capital for its typical investment projects to be 8.5% per year. The most recent year's income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $3,950,000, and the company paid income tax at a 24% average rate. What was Economic Value Added (EVA) for the year? O A $5,671,000 OB. $333,000 OC. - $1,721,000 OD. $917,000 OE. 54.254,750 Reset Selection 5 Points 224 F 6/20/2 Question 5 of 25 21 ORL e arch DELL R

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