Your firm is considering an investment with $$50,000$ common shares and $$150,000$ bank loan.

Given your firm$$s cost of equity is $5\%$ and before$-$tax cost of debt is $10\%.$ Your firm has a tax

rate of $20\%.$ The investment is expected to generate a net operating profit after tax of $$30,000.$

$($a$)$ Calculate the Economic value added $($EVA$)$ for the investment