Cool Gadgets, Inc. develops and manufactures toys for kids. The company's income statement and balance sheet prepared in accordance with US GAAP are shown below. The Company entered into a 5-year operating lease for a new machine on 1/1/2011.Required lease payments are: $3,000 for 2011; $3,000 for 2012; $3,000 for 2013; $4,000 for 2014; and $4,000 for 2015. The company pays an interest rate of 6% on its long term debt, and this rate is also applicable to the lease contract. Its stockholders require a return of 12%. The company's R&D investment has a useful life of 4 years. Assume that your adjustments do not affect tax expense and the weighted average cost of capital, Calculate 2013 EVA.

I/S, partial B/S attached

Cool Gadgets, Inc. develops and manufactures toys for kids. The company's income statement and balance sheet prepared in accordance with US GAAP are shown below. The Company entered into a 5-year operating lease for a new machine on 1/1/2011. Required lease payments are: $3,000 for 2011; $3,000 for 2012; $3,000 for 2013; $4,000 for 2014; and $4,000 for 2015. The company pays an interest rate of 6% on its long term debt, and this rate is also applicable to the lease contract. Its stockholders require a return of 12%. The company's R&D investment has a useful life of 4 years. Assume that your adjustments do not affect tax expense and the weighted average cost of capital, Calculate 2013 EVA