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Economic Value Added Falconer Company had net (after-tax) income last year of $13,612,940 and total capital employed of $117,341,700. Falconer's actual cost of capital was

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Economic Value Added Falconer Company had net (after-tax) income last year of $13,612,940 and total capital employed of $117,341,700. Falconer's actual cost of capital was 7%. Required: 1. Calculate the EVA for Falconer Company. Enter negative values as negative numbers, if required. Round your answer to the nearest dollar. 2. Conceptual Connection: Is Falconer creating or destroying weath? Feedbock V Chack My Work. 1. EVA = After-Tax Operating Income - (Actual Percentage Cost of Copital . Total Capital Employed) 2. If EVA is positive, then the company has increased its wealth during the period. If EVA is negative, and then the company has decreased its wealth during the period

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