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Tech Star Ltd is evaluating its CEO's performance last year. The net income earned is 1.2 million. The company invested in three projects worth 4

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Tech Star Ltd is evaluating its CEO's performance last year. The net income earned is 1.2 million. The company invested in three projects worth 4 million, 2 million and 8 million respectively. The risk free rate is 1%. Market beta is estimated at 1.2 and the market risk premium is 5%. The company has no debt financing. What is the CEO's economic value added (EVA)? O 0.220 million O None of the choices is correct. O The CEO has 0 economic value added. O 0.388 million

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