The following data pertain to PT Darma Karya Sentosa:

Interest rate on debt capital: 9%

Cost of equity capital: 12%

Before-tax operating income: Rp 35 T

Market value of debt capital: Rp. 60 T

Market value of equity capital: Rp 120 T

Total assets: Rp 150 T

Income tax rate: 30%

Total current liabilities: Rp 15 T

Required:

Compute PT DKS's economic value added.

Single choice.

A. Rp. 9,865 T

B. Rp. 10,,865 T

C. Rp.11,865 T

D. Rp.12,865 T

E. Rp.13,865 T