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Detroit Corporation has a required rate of return of 15%. The weighted average cost of capital is 10%. Information for Detroit Corporation operations over the

Detroit Corporation has a required rate of return of 15%. The weighted average cost of capital is 10%. Information for Detroit Corporation operations over the past 2 years follows.

2015 2014
Current assets $120,000 $100,000
Property, plant and equipment (cost) 300,000 280,000
Accumulated depreciation 80,000 60,000
Current liabilities 90,000 70,000
Long-term debt 85,000 80,000
Pretax operating income 52,800 48,900
Income tax rate 30% 30%

What was the Detroit Corporation EVA for 2015?

Group of answer choices

$3,960

$11,960

$20,460

$27,800

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