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Fast please Splash is a small but profitable produced of beauty cosmetics using the plant Aloe Vera. This is not a high-tech business, but Splash

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Splash is a small but profitable produced of beauty cosmetics using the plant Aloe Vera. This is not a high-tech business, but Splash earnings have average around 16 lakh after tax, largely on the strength of its patented beauty cream for removing the pimples. The patent has eight years to run, and Herbal has been offered 3 60 lakhs for the patent rights. Splash assets include * 25 lakhs of working capital and 90 lakhs of property, plant, and equipment. The pat-ent is not shown on Splash books. Suppose Splash cost of capital is 12 percent. What is its Economic Value Added (EVA)

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