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Economic Value Added Falconer Company had net (after-tax) income last year of $12,375,400 and total capital employed of $111,754,000. Falconer's actual cost of capital was

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Economic Value Added Falconer Company had net (after-tax) income last year of $12,375,400 and total capital employed of $111,754,000. Falconer's actual cost of capital was 9%. Required: Calculate the EVA for Falconer Company. Conceptual Connection: Is Falconer creating or destroying wealth

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