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Coldbrook Company has two sources of funds: long-term debt with a market and book value of $15 million issued at an interest rate of 10%,

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Coldbrook Company has two sources of funds: long-term debt with a market and book value of $15 million issued at an interest rate of 10%, and equity capital that has a market value of $9 million (book value of $5 million). Coldbrook Company has profit centers in the following locations with the following operating incomes, total assets, and current liabilities. The cost of equity capital is 15%, while the tax rate is 30% Operating Income Assets Current Liabilities Bish Bash Falls $ 815,000 $3,750,000 $ 800,000 Brooksville $1,100,000 $5,000,000 $ 1,200,000 Stonybrook $2,450,000 $9,250,000 $3,180,000 What is the EVA for Bish Bash Falls? O A) $275,500 What is the EVA for Bish Bash Falls? OA) $275,500 OB) $338,563 OC) $255,500 OD) $305,000

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