Current Attempt in Progress

Lisa has decided to demonstrate to her manager that the new embroidery machine purchased was a great investment for the company.

Management had originally wanted to repair the existing machine, but Lisa convinced them that acquiring a more modern machine

would be a great fiscal decision. She is going to calculate the economic value added $($EVA$)$ hoping that her prediction was correct. She

has gathered the following data:

Embroidery machine cost

Expected Operating Income tied to the embroidery machine

Tax rate

Cost of Debt

Proportion of Debt

Cost of Equity

Proportion of Equity

$$8,420$

$$852$

$21\%$

$7\mathrm{.}20\%$

$82\%$

$8\mathrm{.}00\%$

$19\mathrm{.}50\%$

Using the information above, what is the EVA that Lisa will be able to present to management? $($Do not round intermediate calculations.

Round answer to $2$ decimal places, e$.$g$.$ $$15\mathrm{.}25.)$

EVA $,$$

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