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Business, 15.02.2021 21:50 RiddleMeThis

For 2019, Gourmet Kitchen Products reported $22 million of sales and $18 million of operating costs (including depreciation). The company has $14 million of total invested capital. Its after-tax cost of capital is 8% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2019

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For 2019, Gourmet Kitchen Products reported $22 million of sales and $18 million of operating costs...
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