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Miley reported these data at the end of the year: Pretax operating income 4,000,000 Long term liabilities Fair value of equity 5,00,000 15,000,000 The
Miley reported these data at the end of the year: Pretax operating income 4,000,000 Long term liabilities Fair value of equity 5,00,000 15,000,000 The long term debt has an interest rate of 8% and its fair value equaled its carrying amount at year- end. The fair value of the equity capital is 12,000,000 greater than its carrying amount. Miley's income tax rate is 25% and its cost of equity capital is 10%. The EVA is?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
