Question: Consider the following data to answer question 12 below. The figures are in millions of dollars. Balance sheet Cash and short-term investments 7000 Current liabilities

Consider the following data to answer question 12 below. The figures are in millions of dollars.

Balance sheet

Cash and short-term investments 7000 Current liabilities 20000
Other current assets 10000 Long-term debt 35000
Non-current assets 62000
Total assets 79000 Equity 24000

Income statement

Operating income 7000
Interest payment 500
Income before taxes 6500
Taxes 1300
Net income 5200

The companys WACC is 8%.

EVA (economic value added) is equal to:

Group of answer choices

-60

1,240

420

-620

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