Question
The Modern Language Corporation earned $3.5 million on net assets of $39 million. The cost of capital is 13.75%. Calculate the net ROI and EVA.
The Modern Language Corporation earned $3.5 million on net assets of $39 million. The cost of capital is 13.75%. Calculate the net ROI and EVA. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter "EVA" answer in millions. Round your answers to 2 decimal places.)
| Net ROI | % |
| EVA | $ million |
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
