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eBook Problem Walkthrough For 2021, Gourmet kitchen Products reported 521 million of sales and $18 million of operating costs (including depreciation). The company has $16

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eBook Problem Walkthrough For 2021, Gourmet kitchen Products reported 521 million of sales and $18 million of operating costs (including depreciation). The company has $16 million of total invested capital Its after-tax cost of capital is 10% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2017 Write out your answer completely. For comple, 25 million should be entered s 25,000,000. Round your answer to the nearest dollar, necessary $

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