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Boston Shipyards has $20 million in total investorsupplied operating capital, its weighted average cost of capital (WACC) is 10%, and its most recent income statement

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Boston Shipyards has $20 million in total investorsupplied operating capital, its weighted average cost of capital (WACC) is 10%, and its most recent income statement is shown below. (A) Determine Boston's EVA. Show your work. Check gure: EVA = $400,000. Sales $10.0 million Operating costs -6.0 million Operating income (EBIT) $ 4.0 million interest expense 2.0 million Earnings before taxes (EBT) $ 2.0 million Taxes (40%) 0.8 million Net income $ 1.2 million

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