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Danville Corporation has been provided by its lenders and owners with $36,000,000 to purchase assets. It costs the company 8% per year, on average, to

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Danville Corporation has been provided by its lenders and owners with $36,000,000 to purchase assets. It costs the company 8% per year, on average, to deliver a fair rate of return to these investors. The most recent year's income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of 10,500,000, and the company paid income tax at a 24% combined state plus federal average rate. What was Economic Value Added (EVA) for the year? A 51.020,000 B. 55.100.000 C510,860,000 0.- 5360.000 E. 5400,000

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