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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

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 = $2,000. Barnes' weighted average cost of capital is 10%. What is its economic value added (EVA)? Select the correct answer. a. $497.00 b. $491.00 c. $488.00 d. $494.00 e. $500.00

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