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Which of the following statements regarding EVA is CORRECT? EVA assumes that equity capital is free. A firm's EVA will decrease if its WACC declines.

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Which of the following statements regarding EVA is CORRECT? EVA assumes that equity capital is free. A firm's EVA will decrease if its WACC declines. If a firm reports positive net income, its EVA will also be positive. Actions that increase reported net income may not always increase EVA. A firm's EVA will increase if it achieves the same operating income with more investor-supplied capital

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