Question 1 Jane Doe is a private company which a management accountant is analyzing its performance. So it is trying to look at different components that are distributing to its success. The tests he wants to carry out are the following using the table below: Current liabilities 14500 Notes payable 55600 Equity 250000 Total Assets Tax rate 30% Net income 19500 Research and Development $7200 Training expenses for employees $6700 56200 Interest on debt 8% Risk free rate Market return 9% Beta Sales 4% 1.8 REQUIRED 1. Calculate interest expense, tax and EBIT 2. Calculate the total capital employed of the company. 3. Calculate weighted average cost of capital. 4. What is the EVA of the company? 5. Calculate Residual Income. 6. What are the major advantages of using EVA to evaluate performance