Psyre Company reported NO1 equal to $150,000 this year. Examination of the company's balance sheet and income statement shows that the tax rate was 40 percent, the depreciation expense was $40,000, $120,000 was invested in assets during the year, and invested capital currently is $1,100,000. If Psyre's average after-tax cost of funds is 10 percent, what is the firm's EVA?
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