Help on Part 3

Intro Spring Clean Inc. has $25 million in total investor-supplied operating capital, and its WACC is 8%. Spring Clean reports the following income statement Line item Amount $ million) Sales Operating costs Operating income (EBIT) Interest expense Earnings before taxes (EBT) Taxes (38%) Net Income Part 1 TB Attempt 1/10 for 10 pts. How much was the operating income (EBIT) (in 9 million)? Correct EBIT = Sales - Operating costs 2016 4 (million) Part 2 TB Attempt 1/10 for 10 pts. How much was net income in $ million)? Correct Earnings before taxes: EBT EBIT. Interest Net Income: NIEBT' (1-1) -1 (1-0.38) 0.62 million Attempt 4/10 for 10 pts. Part 3 What was the firm's EVA (in $ milion)? 3+ decima