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Casey Motors recently reported the following information: Net income = $750,000. Tax rate = 25%. Interest expense = $200,000. Total invested capital employed =
Casey Motors recently reported the following information: Net income = $750,000. Tax rate = 25%. Interest expense = $200,000. Total invested capital employed = $9.3 million. After-tax cost of capital = 10%. What is the company's EVA? Oa. -$32,100 b. -$29,400 c. -$35,100 d. -$30,000 e. -$34,500 47
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