Question: 4. Problem 3.11 (EVA) eBook Problem Walk-Through For 2019, Gourmet Kitchen Products reported $22 million of sales and $15 millions of operating costs (including depreciation).

4. Problem 3.11 (EVA) eBook Problem Walk-Through For 2019, Gourmet Kitchen Products reported $22 million of sales and $15 millions of operating costs (including depreciation). The company has 14 million of total invested capital. Its after-tax cost of capital is 9% and its federal plus state income tax rate was 259. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2019? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary

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