Question
The Modern Language Corporation earned $3.6 million on net assets of $40 million. The cost of capital is 13.35%. Calculate the net ROI and EVA.
The Modern Language Corporation earned $3.6 million on net assets of $40 million. The cost of capital is 13.35%. Calculate the net ROI and EVA. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter your "ROI" answer as a percent rounded to 2 decimal places, and enter your "EVA" answer in millions rounded to 2 decimal places.)
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
