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What was economic value added for the year

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Aurora, Inc. has been provided by its lenders and owners with $58,200,000 to purchase assets. It costs the company 9% per year, on average, to deliver fair rates of return to these investors. The most recent year's income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $21,600,000, and the company paid income tax at a 27% average rate. What was Economic Value Added (EVA) for the year?

Reference no: EM132013428

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