Question 02 The following particulars related Jonathan limited a division of CDL limited Assets $ million Non-Current Assets 70 Current Assets 40 Total Liabilities 30 Long Term Liabilities 18 At the end of year it was estimated that replace cost of Non-Current assets amounting to $ 95 million. Other details are as under: Weighted Average cost of Capital 12% Cost of Equity 10% Capital employed at the start of the period amounting to $ 85 million The extract of profit and loss for the current year ended is as under: $ Million Sales 150 Less: Cost of Sales 70 Gross Profit 80 Operating Expenses 40 Operating profit 40 Less: Interest 2 Net profit before tax 38 Less: Tax @ 40% 15.2 Net profit 22.8 *operating expenses included launching cost of 3 million of a new product which is expected to generate profits for 3 years, it also includes amortization of good will amounting 4 million moreover non-cash expenses of 5 million has also been part of the operating expenses. Required: Calculate Eva of Jonathan limited for the current year ended (5)