Calculate the net roi and eva

Reference no: EM13241231

The Modern Language Corporation earned $1.6 million on net assets of $20 million. The cost of capital is 11.5%. Calculate the net ROI and EVA. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter "EVA" answer in millions rounded to 1 decimal place.)
ROI = ? I have come up with -3.75/rounded to -4 and the answer is wrong. Can you help me with this one please?

EVA = $-0.7 million

Reference no: EM13241231

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