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The following data relates to the XYZ Corporation and its X Division. X Division sales P 8,000,000 X Division operating income P 480,000 X Division

The following data relates to the XYZ Corporation and its X Division.

X Division sales P 8,000,000

X Division operating income P 480,000

X Division total assets P 2,000,000

X Division current liabilities P 600,000

Corporate target rate of return 14%

Corporate weighted average cost of capital 10%

Corporate effective tax rate 30%

What is the X Divisions Economic Value Added (EVA)?

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