Herbal Gyan is a small but profitable producer of beauty cosmetics using the plant Aloe Vera. This is not a high-tech business, but Herbal's earnings have averaged around 12 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 40 lakhs for the patent rights. Herbal's assets include 20 lakhs of working capital and 80 lakhs of property, plant, and equipment. The patent is not shown on Herbal's books. Suppose Herbal's cost of capital is 15 percent. What is its Economic Value Added (EVA)? Constant Engineering Ltd. has developed a high tech product which has reduced the Carbon emission from the burning of the fossil fuel. The product is in high demand. The product has been patented and has a market value of 100 Crore, which is not recorded in the books. The Net Worth (NW) of Constant Engineering Ltd. is 200 Crore. Long term debt is 400 Crore. The product generates a revenue of 84 Crore. The rate on 365 days Government bond is 10 percent per annum. Market portfolio generates a return of 12 percent per annum. The stock of the company moves in tandem with the market. Calculate Economic Value added of the company