Question 2 Jane corporation is a private company. they decide to use EVA to measure the financial performance. The company provided the management accountant department with the information found in the table : $000 Current liabilities 15,300 Long term liabilities 85,600 Equity 187,000 Research & development 25,000 Training expenses 13,000 Tax rate 30% Net income 25,500 Sales 76200 Cogs 33,500 Interest on debt 8% Cost of equity Assume that current liabilities are also interest bearing obligation 11% REQUIRED 1. Calculate tax, interest expense and EBIT (operating income) 2. Calculate the EBIT after tax. 3. Calculate the total assets. 4. Calculate working capital employed {WCE}. 5. What is the WACC of the company? 6. Calculate the economic value added [EVA] 7. What are the major criticisms directed towards EVA