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Casey Motors recently reported net income of $42 million. The firm's tax rate was 40 percent, and interest expense was $11 million. The company's after-tax
Casey Motors recently reported net income of $42 million. The firm's tax rate was 40 percent, and interest expense was $11 million. The company's after-tax cost of capital is 8 percent, and the firm's total investor supplied operating capital employed equals $252 million. What is the company's EVA? (Answers are in $ millions.) Question 6 options: 1) $70.00 2) $42.00 3) $28.44 4) $48.60 5) $20.16
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