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Calculate economic profit based on the following information: WACC = 5 . 5 0 % ; Total Assets = $ 3 0 0 ; Net

Calculate economic profit based on the following information:WACC=5.50%;Total Assets=$300;Net Income=$23;EBIT=$39;Payroll Tax Payable=$20;Total Equity=$195;Tax Rate=10%;Cash=$5;Accounts Payable=$15;Bank Debt with interest rate of 7%= $30.(Hint: Accounts Payable and Payroll Tax Payable are the only non-interest bearing liabilities).

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