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Please answer the problem below Subu Motors has total capital of $200 million, consisting of 40% debt (costing 5% before taxes) and 60% equity (costing
Please answer the problem below
Subu Motors has total capital of $200 million, consisting of 40% debt (costing 5% before taxes) and 60% equity (costing 9%). Subus EBIT is $30 million and the tax rate is 30%. Estimate Subus EVA (Economic Value Added). (Enter your answer to the nearest $0.1 million. Leave the $ sign off. In other words, if your answer is $55.55 million, enter 55.6 for your answer. If your answer is negative, be sure to include a minus sign, like -55.6)
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