Following is information from innovative products companys, Ask an Expert

Finance

Following is information from Innovative Products Company's financial statement:
Operating income, EBIT $750,000
Invested Capital $3,000,000
Marginal tax rate 35%
Number of common
shares outstanding 800,000
Average cost of funds 10%

What is Innovative Products Company's economic value added (EVA)?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9875081

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