QUESTION 7 Following is the condensed income statement of a firm for the current year ( in

QUESTION 7 Following is the condensed income statement of a firm for the current year g in lakhs) Sales Less: Operating Costs Less: Interest Costs Earnings Before Taxes Less: Tax @ 40% 500 300 12 188 75.2 112.80 Earnings After Tax The firm's existing capital consists of 150 lakh equity funds, having 15% cost and of 100 lakh 12% Debt. Determine the EVA of the firm,