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

EVA is used by top management at College Learning Technologies to measure and evaluate the performance of segment managers. The companys cost of capital is 11 percent. For the year, its Audio/Visual subsidiary generated after-tax income of $4,294,000 , with $16,910,000 fair value of invested capital. Compute the subsidiarys EVA. $Answer

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