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The Ronayne Corporation has on its balance sheet $4 million in net operating working capital and $30 million in net fixed assets. The company's weighted

The Ronayne Corporation has on its balance sheet $4 million in net operating working capital and $30 million in net fixed assets. The company's weighted average cost of capital is 9 percent. The company has the following income statement: Sales Operating costs Depreciation & Amort EBIT Interest EBT Taxes (25%) Net income $25,000,000 17,00,000 1,000,000 $ 7,000,000 2,000,000 $ 5,000,000 1,250,000 $ 3.750.000 10. What is Ronayne's EVA (above)

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