Dr.Don's Wok of Shame,Inc.(an Asian fusion restaurant with one star reviews)has established a target rate of return
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Dr.Don's Wok of Shame,Inc.(an Asian fusion restaurant with one star reviews)has established a target rate of return of 16% for all divisions. For the most recentyear,Division generated sales of $10,000,000 and expenses of $7,500,000.Totalassets at the beginning of the year were $5,000,000 and total assets at the end of the year were$7,000,000. Use average assets as the investment base.
How much economic value added results from the above?
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