Falconer Company had net (after-tax) income last year of $12,870,416 and total capital employed of $120,694,320. Falconer's
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Question:
Falconer Company had net (after-tax) income last year of $12,870,416 and total capital employed of $120,694,320. Falconer's actual cost of capital was 9%.
Required:
1.Calculate the EVA for Falconer Company. Enter negative values as negative numbers, if required. Round your answer to the nearest dollar.
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