(Answered) Casey motors recently reported the following informationnet

Accounting

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. $70,000
e. $83,300

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