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Economic Value Added (EVA) or Economic Profit is a measure based on the Residual Income technique that serves as an indicator of the profitability of projects undertaken. Its underlying premise consists of the idea that real profitability occurs when additional wealth is created for shareholders and that projects should create returns above their cost of capital. Based on the information given below appraise the company's projected EVA. 2020 $ Sales Expenses Other than Interest Depreciation Earnings before interest and taxes (EBIT) Taxes on EBIT@40% Earnings before interest and after taxeset operating profits after tax (NOPAT) Current assets less excess cash and securities 500 Non-interest bearing current liabilities -100 Adjusted networking capital(current asset-current 300 liabilities) Gross, property, plant and equipment (Fixed asset) 3300 Accumulated depreciation (deduct) -1000 2021 $ 2100 -500 -300 1300 -520 780 480 -120 360 3600 1300 2300 Net property, plant and equipment 2300 Invested capital 2600 2660 Economic Value Added (EVA) or Economic Profit is a measure based on the Residual Income technique that serves as an indicator of the profitability of projects undertaken. Its underlying premise consists of the idea that real profitability occurs when additional wealth is created for shareholders and that projects should create returns above their cost of capital. Based on the information given below appraise the company's projected EVA. 2020 2021 $ $ Sales 2100 Expenses Other than Interest -500 Depreciation -300 Earnings before interest and taxes (EBIT) 1300 Taxes on EBIT@40% -520 Earnings before interest and after taxeset operating profits after tax (NOPAT) 780 Current assets less excess cash and securities 500 480 Non-interest bearing current liabilities -100 -120 Adjusted networking capital(current asset-current 300 360 liabilities) Gross, property, plant and equipment (Fixed asset) 3300 3600 Accumulated depreciation (deduct) -1000 1300 Net property, plant and equipment 2300 2300 Invested capital 2600 2660