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Cheese Cake Corporation reports EBIT for 2019 of $15 million. The company's WACC is 12%, and their tax rate is 28%. The company has operating
Cheese Cake Corporation reports EBIT for 2019 of $15 million. The company's WACC is 12%, and their tax rate is 28%. The company has operating assets/investor supplied capital of $60 million, financed with long term debt (35%) and equity (65%). What is the company's EVA for 2002? $ TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONS USED TO ARRIVE AT THAT ANSWER. COMPUTATIONS FOR IRR, NPV AND OTHER TIME VALUE OF MONEY PROBLEMS MUST BE SOLVED WITH YOUR REQUIRED COURSE CALCULATOR. IF REQUESTED YOU MUST BE ABLE TO DEMONSTRATE THAT YOU USED THE REQUIRED COURSE CALCULATOR TO SOLVE THESE TYPE OF PROBLEMS
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