The weighted-average cost of capital for Forstone Corporation is 10 percent. Last year one of the divisions
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The weighted-average cost of capital for Forstone Corporation is 10 percent. Last year one of the divisions of Forstone generated an EVA of $4,000,000, while the division’s assets less its current liabilities were $30,000,000. How much after-tax operating income did the division generate?
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Related Book For 
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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