What was the firm economic value added

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Reference no: EM131624525

For 2016, ABC reported $44 million of sales and $24 million of operating costs (including depreciation). The company has $16 million of total invested capital. Its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 40%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2016?

Reference no: EM131624525

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