Exercise 18.22 The following selected data pertain to Coburg Company's furniture division for last year: Sales $5,374,000 Variable costs $3,190,000 Traceable fixed costs $615,400 Average invested capital (assets) $7,130,000 Current liabilities $518,000 Required rate of return 16% Marginal tax rate 29% Weighted average cost of capital 13% Your answer is correct. Calculate the residual income. income 427800 SHOW SOLUTION LINK TO TEXT Your answer is correct. Calculate the return on investment. ROI 22 % SHOW SOLUTION LINK TO TEXT x your answer is incorrect. Try again. Calculate the economic value added. EVA 186806