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EVA is the net profit of the firm adjusted for the cost of capital. True or False Residual income is another term for economic value

EVA is the net profit of the firm adjusted for the cost of capital. True or False

Residual income is another term for economic value added. True or False

Also, does anyone know why this equals 38.58? My calculation results in 37.09

a. Economic value added = After-tax interest + Net income-Cost of capital x Total capitalization) Economic value added-(1-0.35) x $17 + 57-(080 [$261 + 126)-$38.58

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