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EVA is used by top management at College Learning Technologies to measure and evaluate the performance of segment managers. The company's cost of capital is

EVA is used by top management at College Learning Technologies to measure and evaluate the performance of segment managers. The company's cost of capital is 11 percent. In 2010, its Audio/Visual subsidiary generated after-tax income of $2,260,000, with $8,900,000 fair market value of invested capital. a. Compute the subsidiary's EVA. $

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