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What was RJS economic value added this year

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Problem - RJS generated $65,000 net income this year. The firm's financial statements also show that its interest expense was $40,000, its marginal tax rate was 35 percent, and its invested capital was $800,000. If its average cost of funds is 12 percent, what was RJS's economic value added (EVA) this year?

Reference no: EM132697527

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