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The Icelandic Company reported an adjusted net operating profit after taxes (NOPAT) of $27,550 in 2008. In this year the cost of capital was 16.5%

The Icelandic Company reported an adjusted net operating profit after taxes (NOPAT) of $27,550 in 2008. In this year the cost of capital was 16.5% and their adjusted investment was $235,000. The companys economic value added for 2007 was
A $(11,225)
B $66,325
C $(34,229)
D

$38,775

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