Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Barton Industries has operating income for the year of $3,500,000 and a 25% tax rate. Its total invested capital is $20,000,000 and its after-tax percentage cost of capital is
7%. What is the firm's EVA? Round your answer to the nearest dollar, if necessary.
$
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