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Why i got negative Eva? Daniels Co. uses long-term debt and equity capital as primary sources of funds. The long-term debt has a market value
Why i got negative Eva? Daniels Co. uses long-term debt and equity capital as primary sources of funds. The long-term debt has a market value and book value of $8 5 million and was issued at a 9 percent interest rate. The equity capital has a book value of $3million and a market value of $7.5 million. Daniels has 3 major centers located around the country with the following operating income, total assets and current liabilities: The cost of equity capital is 12 percent, with a 40 percent tax rate. What is the EVA for the Midwest Division
Why i got negative Eva?
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