Casey Motors recently reported the following information:   Net income = $750,000. Tax rate = 25%. Interest expense = $200,000. Total invested capital employed = $9.3 million. After-tax cost of capital = 10%.   What is the company's EVA? Answer options are provided in whole dollar.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Casey Motors recently reported the following information:

 

  • Net income = $750,000.
  • Tax rate = 25%.
  • Interest expense = $200,000.
  • Total invested capital employed = $9.3 million.
  • After-tax cost of capital = 10%.

 

What is the company's EVA? Answer options are provided in whole dollar.

 
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