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Following is the financial information of Azure Company for the last financial year: Operating Income $80,000 $28,000 Less: income taxes @35% $52,000 $390,000 Net Income

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Following is the financial information of Azure Company for the last financial year: Operating Income $80,000 $28,000 Less: income taxes @35% $52,000 $390,000 Net Income Total capital employed Actual cost of capital Minimum expected rate of return 12% 13% Calculate economic value added (EVA) of Azure. O a. $6,700 O b. $7,700 O c. $9,200 O d. $5,200

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