Total invested capital-after tax percentage cost of capital

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EVA Britton industries has operating income for the year of $3,000,000 and a 40% tax rate. It’s total invested capital is $20,000,000 and its after-tax percentage cost of capital is 8%. What is the Firm’s EVA?

Formula = (EVA): EBIT *(1-T) - (Total Invested Capital*After tax percentage cost of Capital)

Reference no: EM132008869

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