Casey Motors recently reported the following information: ? Net income = $750,000.? Tax rate = 40%.? Interest expense = $200,000.?Total invested capitalemployed = $9 million.? After-tax cost of capital = 10%. What is the company's EVA?
A. -$34,500
B. -$35,100
C. -$32,100
D. -$30,000
E. -$29,400
Answer: D
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