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eBook RJS generated $65,000 net income this year. The firm's financial statements also show that its interest expense was $60,000, its marginal tax rate was
eBook RJS generated $65,000 net income this year. The firm's financial statements also show that its interest expense was $60,000, its marginal tax rate was 35 percent, and its invested capital was $1,150,000. If its average cost of funds is 14 percent, what was RJS's economic value added (EVA) this year? Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any
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Multinational Finance
Authors: Kirt Butler
2nd Edition
0324004508, 978-0324004502
