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Casey Motors recently reported the following information: Net income = $750,000. Tax rate = 40%. Interest expense = $200,000. Total invested capital employed = $9

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 companys EVA?

a.

-$35,100
b.

-$34,500
c.

-$30,000
d.

-$32,100
e.

-$29,400

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