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For 2 0 2 1 , Gourmet Kitchen Products reported $ 2 1 . 5 million of sales and $ 1 8 million of operating

For 2021, Gourmet Kitchen Products reported $ 21.5 million of sales and $ 18 million of operating costs ( including depreciation ). The company has $ 14 million of total invested capital . Its after - tax cost of capital is 8% and its federal - plus - state income tax rate was 25%. What was the firm's economic value added ( EVA ), that is , how much value did management add to stockholders ' wealth during 2021? Write out your answer completely . For example ,25 million should be entered as 25,000,000. Round your answer to the nearest dollar , if necessary

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