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Orange plc has an Operating Profit of 30m in its most recent year. It also has a capital base of 200m comprised of: 160m in

Orange plc has an Operating Profit of 30m in its most recent year.

It also has a capital base of 200m comprised of: 160m in Ordinary Shares which normally enjoy dividends of 10%, and 40m in 5% Preference Shares.

For this question, accept that the WACC is 9%

What is the Economic Value Added (EVA) in m ?

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