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(solution) Greshak International has the following data for the year ending


Greshak International has the following data for the year ending 12/31/11: Net income = $300; Net operating profit after taxes (NOPAT) = $500; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total liabilities = $700; and Greshak's total operating capital = $2,100.  Greshak's weighted average cost of capital (WACC) is 12%. What is its economic value added (EVA)?   MAKE SURE YOU USE AT LEAST 4 DECIMAL PLACES WHERE APPLICABLE.  YOU MUST TYPE IN ANSWER AND ALL OF YOUR WORK TO RECEIVE CREDIT.




Answer:

 

EVA =

 

=

 

= NOPAT-(Capital*cost of capital)

 

500 - (2100*12%)

 

248.0000

 


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Sep 13, 2020

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