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Hyundai. reported $117,610,626 of sales and $15.251,546 of operating costs (including depreciation). The company had $86,755,457 of investor-supplied operating assets (or capital), the weighted average
Hyundai. reported $117,610,626 of sales and $15.251,546 of operating costs (including depreciation). The company had $86,755,457 of investor-supplied operating assets (or capital), the weighted average cost of that capital (the WACC) was 1.75%, net income of $4,942,356, and the federal-plus-state income tax rate was 28.5%. What was Hyundai's Economic Value Added (EVA). i.e. how much value did management add to stockholders' wealth during the year?
the Right Answer- $58,004,537.23 but how?
what is tbe right answer ????
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