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Sapphire Division had the following information: Current Liabilities $ 1,800,000 Investment base 17,000,000 Net operating income before taxes 2,000,000 Tax rate 22% Cost of capital

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Sapphire Division had the following information: Current Liabilities $ 1,800,000 Investment base 17,000,000 Net operating income before taxes 2,000,000 Tax rate 22% Cost of capital 7% Calculate Sapphire Division's economic value added. Select one: O a. $1,560,000 b. $236,000

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