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Casey Motors recently reported net income of $84 million. The firm's tax rate was 40.0% and interest expense was $27 million. The company's after-tax cost
Casey Motors recently reported net income of $84 million. The firm's tax rate was 40.0% and interest expense was $27 million. The company's after-tax cost of capital is 12.0% and the firm's total investor supplied operating capital employed equals $420 million. What is the company's EVA? (Answers are in $ millions.)
A. $84.00
B. $49.80
C. $140.00
D. $100.20
E. $50.40
Please show all work! Especially the tax break part!
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