Question 4 of 6 > 0/13 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect The following income statements and other information are available for the Marx Company 2020 2018 Sales $418,000,000 2019 $275,000,000 132,000,000 231,000,000 Less cost of goods sold Gross margin $209,000,000 100,100,000 108,900,000 187,000,000 143,000,000 30,250,000 27.225.000 21,538.000 Less: Selling and administrative costs Research and development Income from operations Less taxes on income 12.948.000 10,395,000 13,640,000 102,135,000 143,802,000 76.967,000 15,393,400 28,760,400 20.427,000 Net income $115,041,600 $81.708,000 $61,573,600 Total assets $786,500,000 $731,500,000 5485,100,000 10,868.000 Noninterest bearing current liabilities Cost of capital 15,400,000 12.430,000 12% 12% 12% Calculate EVA for 2020. Assume that for purposes of calculating EVA, the company capitalizes research and development expenditures and amortizes them over three years, including the year they are incurred. For external reporting purposes, research and development is expened in the year incurred, as indicated in the income statements above. (Round answer to the nearest whole dollar, es 5,725. Enter negative answers preceding either signies-15 or in parentheses (451) EVA for 2020 23005867