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For 2018, Roberts Food and Beverage reported EBIT of $150,000. The company has $405,500 of total invested capital, the weighted average cost of that capital

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For 2018, Roberts Food and Beverage reported EBIT of $150,000. The company has $405,500 of total invested capital, the weighted average cost of that capital (the WACC) was 12%, and the federal-plus- state income tax rate was 40%. What was the firm's Economic Value Added (EVA), TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONS USED TO ARRIVE AT THAT ANSWER. COMPUTATIONS FOR IRR, NPV AND OTHER TIME VALUE OF MONEY PROBLEMS MUST BE SOLVED WITH YOUR REQUIRED COURSE CALCULATOR. IF REQUESTED YOU MUST BE ABLE TO DEMONSTRATE THAT YOU USED THE REQUIRED COURSE CALCULATOR TO SOLVE THESE TYPE OF PROBLEMS

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