Casey Motors recently reported the following information:

* Net income = $600,000.

* Tax rate = 40%.

* Interest expense = $200,000.

* Total capital employed (TCE) = $9 million.

* After-tax cost of capital (ATCC) = 10%.

What is the company's EVA?

NOTE: EVA = (EBIT * (1-T)) (ATCC * TCE)

a. ($300,000)

b. ($180,000)

c. $ 0

d. $200,000

e. $400,000