Casey Motors recently reported net income of $111 million. The firm's tax rate was 40.0% and interest expense was $30 million. The company's after-tax cost of capital is 12.0% and the firm's total investor supplied operating capital employed equals
Casey Motors recently reported net income of $111 million. The firm's tax rate was 40.0% and interest expense was $30 million. The company's after-tax cost of capital is 12.0% and the firm's total investor supplied operating capital employed equals
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Question 10
Casey Motors recently reported net income of $111 million. The firm's tax rate was
40.0% and interest expense was $30 million. The company's after-tax cost of capital
is 12.0% and the firm's total investor supplied operating capital employed equals
$555 million. What is the company's EVA? (Answers are in $ millions.)
$66.60
$111.00
$185.00
$129.00
$62.40
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