Barnes' Brothers has the following data for the year ending 12/31/2015: Net income = $600; Net operating profit after taxes (NOPAT) = $700; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,075. Barnes' weighted average cost of capital is 10%. What is its economic value added (EVA)?

Select the correct answer.

a. $484.50

b. $486.50

c. $488.50

d. $492.50

e. $490.50