A firm's cost of capital is 10%. The firm's book equity is $120 million, and its...

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A firm's cost of capital is 10%. The firm's book equity is $120 million, and its 10 million shares (common-only) are selling at $20/share. Net income was $19.75 million this year, with a tax rate of 50% and $500,000 paid in interest. Total assets equal $240 million on the books. Current liabilities are $50 million on the books. Calculate the economic value-added for the firm. Leave out the $ in your answer ($X million would be answered as X000000) A firm's cost of capital is 10%. The firm's book equity is $120 million, and its 10 million shares (common-only) are selling at $20/share. Net income was $19.75 million this year, with a tax rate of 50% and $500,000 paid in interest. Total assets equal $240 million on the books. Current liabilities are $50 million on the books. Calculate the economic value-added for the firm. Leave out the $ in your answer ($X million would be answered as X000000)