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What is the company''s eva

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Casey Motors recently reported net income of $42 million. The firm's tax rate was 40 percent, and interest expense was $11 million. The company's after-tax cost of capital is 8 percent, and the firm's total investor supplied operating capital employed equals $252 million. What is the company's EVA? (Answers are in $ millions.)

Question 6 options:

1) $70.00

2) $42.00

3) $28.44

4) $48.60

5) $20.16

Reference no: EM131378092

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