Find what was the firms economic val added

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For 2012, Everyday electronics reported $22.5 million of sales and $18 million of operating costs (including appreciation). The company had $15 million of investor supplied operating capital. Its weighted average cost of capital is 9% and its federal plus state income tax rate was 35%. What was the firms Economic Val Added (EVA), that is, how much value did management add to stockholders' wealth during 2012?

Reference no: EM1344028

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