Jane Doe is a private company which a management accountant is analyzing its performance. So it is trying to look at different components that are distributing to its success. The tests he wants to carry out are the following using the table below: Current liabilities 24500 Notes payable 55600 Bond payable 18500 Equity 280000 Total Assets ? Current Assets 48,600 Tax rate 20% Net income 29500 Research and Development $8200 Training expenses for employees $9700 Sales 56200 Interest on debt 7000 Risk free rate 4% Market return 7% Beta 1.5 REQUIRED 1. Calculate interest expense, tax and EBIT 2. Calculate the total capital employed of the company. 3. Calculate weighted average cost of capital. 4. What is the EVA of the company? 5. Calculate Residual Income. 6. What are the major advantages of using EVA to evaluate performance