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Question 12 (4 points) Casey Motors recently reported net income of $95 million. The firm's tax rate was 40.0% and interest expense was $29 million.
Question 12 (4 points) Casey Motors recently reported net income of $95 million. The firm's tax rate was 40.0% and interest expense was $29 million. The company's after-tax cost of capital is 9.0% and the firm's total investor supplied operating capital employed equals $475 million. What is the comparly's EVA? (Answers are in $ millions.) $112.40 $95.00 $158.33 $69.65 $42.75
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