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Scranton Shipyards has $20 million in total invested operating capital, and its WACC is 10%. Scranton has the following income statement: Sales $10.0 million Operating

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Scranton Shipyards has $20 million in total invested operating capital, and its WACC is 10%. Scranton has the following income statement: Sales $10.0 million Operating costs 6.0 million Operating income (EBIT) $ 4.0 million Interest expense 2.0 million Earnings before taxes (EBT) $ 2.0 million Taxes (40%) 0.8 million Net income $ 1.2 million What is Scranton's EVA? O $400,000 O $2,400,000 O -$400,000 O $2,000,000 O $-800,000

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