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Casey Motors recently reported the following information:
Net income = $850,000.Tax rate = 40%.Interest expense = $200,000.Total investor-supplied operating capital employed = $9 million.After-tax cost of capital = 10%.
1.What is the company's EVA?
a. $67,200 b. $82,600 c. $64,400 d. $70,000e. $83,300
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