The weighted-average cost of capital for Forstone Corporation is 12 percent. Last year one of the divisions

Question:

The weighted-average for Forstone is 12 percent. Last year one of the divisions of Forstone generated an EVA of $3,720,000, while the division's assets less its current liabilities were $25,600,000. How much after-tax operating income did the division generate?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Cost Of Capital
Cost of capital refers to the opportunity cost of making a specific investment . Cost of capital (COC) is the rate of return that a firm must earn on its project investments to maintain its market value and attract funds. COC is the required rate of...