Attempts Keep the Highest $\frac{0}{1}$

$5.$ Practice Problem $7-5$

RJS generated $$65,000$ net income this year. The firm's financial statements also show that its interest expense was $$60,000,$ its marginal tax rate was $35$ percent, and its invested capital was $$900,000.$ If its average cost of funds is $16$ percent, what was RJS$\text{'}$s economic value added $($EVA$)$ this year? Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any.

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