The firm had an operating profit of $ 150,000. The interest expenses was around $ 4000 and they firm paid taxes to the tune of $14,600. The firm did not have any fixed assets and hence there were no charges on depreciation and amortization. The firms stock was listed on the stock exchange and its Beta=1.2. The market return on the 10 year treasury bond is 2% and the market returns was 7%. 50% of the total invested capital is equity. The firms equity stands at $ 80,000. Compute the Economic Value Added.