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Valley Nova s income statement shows its net income this year was $ 2 6 2 , 5 0 0 , its interest expense was

Valley Novas income statement shows its net income this year was $262,500, its interest expense was $125,000, and its marginal tax rate was 30%. Valley Novas balance sheet shows its invested capital is $1.25 million. The firm has 150,000 shares outstanding. If its average cost of funds is 10%, what was the companys economic value added (EVA) this year? Interpret the value you computed

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