Reference no: EM132553199

St. John's Division has a required rate of return of 15%. The weighted average cost of capital is 10%. Information for St. John's Divisions operations over the past 2 years follows:

                                                            2022                   2021

Current assets                                          $120,000;        $100,000

Property, plant and equipment (cost)             300,000;              280,000

Accumulated amortization                             80,000;                  60,000

Current liabilities                                        90,000;                      70,000

Long-term debt                                          85,000;                       80,000

Pretax operating income                              52,800;                       48,900

Income tax rate                                        30%                               30%

Question 1: What was the St. John's Division EVA for 2022?