Business, 29.10.2019 22:31 kenxkeith

For 2018, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2018?

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For 2018, gourmet kitchen products reported $22 million of sales and $19 million of operating costs...