FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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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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