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or 2021 , Gourmet kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciation). The company has 514 million of

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or 2021 , Gourmet kitchen Products reported $22 million of sales and $19 million of operating costs (including depreciation). The company has 514 million of total invested capital. Its after-tax cost of capital is 8% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2021 ? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary

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