Casey Motors recently reported the following information:

Net income = $750,000.

• Tax rate = 40%.
• Interest expense = $200,000.
• Total invested capital employed = $9 million.
• After-tax cost of capital = 10%.

What is the company's EVA?

a. -$30,000

b. -$35,100

c. -$29,400

d. -$32,100

e. -$34,500

rown Office Supplies recently reported $18,000 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT)? a. $8,033 b. $7,223 c. $7,370 d. $8,918 e. $5,749