Question: Compute economic value added (EVA) for Lazeren Software. The companys cost of capital is 3%. Net income was $755 thousand, interest expense $401 thousand, beginning

Compute economic value added (EVA®) for Lazeren Software. The company’s cost of capital is 3%. Net income was $755 thousand, interest expense $401 thousand, beginning long-term debt $620 thousand, and beginning stockholders’ equity was $3,010 thousand. Round all amounts to the nearest thousand dollars.

Should the company’s stockholders be happy with the EVA®?

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