Which of the following is a key difference between EVA and residual income?

Select one:

a.Net profit is used to calculate residual income but is irrelevant for EVA.

b.There is no difference between EVA and residual income.

c.EVA has a long term focus, but residual income has a short term focus.

d.The weighted average cost of capital is used to calculate EVA, but not necessarily for residual income.