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What was the firm economic value added

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Question - Elike Stores reported $253,130 of sales and $137,698 of operating costs (including depreciation). The company has $305,000 of total invested capital, the weighted average cost of that capital (the WACC) was 8.0%, and the federal-plus-state income tax rate was 25%. What was the firm's Economic Value Added (EVA), i.e., how much value did management add to stockholders' wealth during the year?

Reference no: EM133099398

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