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What is North Star economic value added

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Question - North Star Breweries' net income for 2021 was $1.2 million. The company's marginal tax rate is 40 percent and its interest expense on its debt for the year was $1.5 million. There is $15 million of invested capital in the business and the company's average cost of funds was 18 percent over the past year. What is North Star's economic value added (EVA) for 2021?

Reference no: EM133121702

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