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