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Falcon Brothers Inc. has the following data for the year ending 12/31/2019 (dollars are in thousands): Net income = $600; EBIT = $1,000; Total assets
Falcon Brothers Inc. has the following data for the year ending 12/31/2019 (dollars are in thousands): Net income = $600; EBIT = $1,000; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; Total operating capital = $2,100; and tax rate = 30%. The companys WACC is 10%. What was its Economic Value Added for the year 2019? Group of answer choices $420.11 $399.11 $442.23 $490.00 $465.50
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