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Attempts Keep the Highest 0 1 5 . Practice Problem 7 - 5 RJS generated $ 6 5 , 0 0 0 net income this

Attempts Keep the Highest 01
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'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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