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Cat corp generated $270 million in net income on total capital invested of $2,080 million. The companys effective tax rate was 35%, and they had
Cat corp generated $270 million in net income on total capital invested of $2,080 million. The companys effective tax rate was 35%, and they had $48 million of interest expense. If the companys cost of capital is 9.90%, what was the economic value added for the year? (Enter your answer in millions and round to two decimal places.)
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