Here are simplified financial statements of Phone Corporation from a recent year:

Balance Sheet ( all figures in million dollars)

Balance Sheet	2012	2013		2012	2013
Cash and marketable securities	30	24	Accounts payable	50	60
Accounts receivable	50	70	Accruals	48	60
Inventories	120	100	Notes Payable	90	80
Current Assets	200	194	Current Liabilities	188	200
Net fixed assets	600	700	Long-term debt	200	220
			Total Liabilities	388	420
			Stockholders' Equity	412	474
Total Assets	800	894	Total Liabilities & SE	800	894

Income Statement	2012	2013			2012	2013
Revenues	1200	1360		Number of shares	100	100
Cost of goods sold	800	900		Price per share	18	20
Administrative Expenses	75	80		Cost of equity	0.14	0.14
Depreciation	60	70		Cost of long and short term debt	0.08	0.08
EBIT	265	310		Cost of capital	0.13	0.14
interest expense	29	30
EBT	236	280
Taxes	82.6	98
Net Income	153.4	182
Dividends Paid	100	120
To the Retained Earnings	53.4	62

Benchmark Ratios	2013
Leverage ratio	1.888
Asset turnover	0.793
Operating profit margin	0.583
Debt burden	0.605
ROE	0.528

What is the EVA for the company in 2013

Question 20 options:

	-20
	104.3
	-122.35
	-89.94