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firm has an EBIT of $40 million, a total invested capital of $124 million, and an average cost of funds of 2%. The firm has

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firm has an EBIT of $40 million, a total invested capital of $124 million, and an average cost of funds of 2%. The firm has a marginal federal and state tax rate of 30%, and 9.0 million shares of the firm are utstanding. What is the EVA of the firm? a. $13,120,000 b. $10,620,000 c. $2,880,000 d. $9,200,000

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