Question: I have been having trouble finding the EVA using the following information. what would be the EVA for the the following. Income Statement in millions)

I have been having trouble finding the EVA using the following information.

what would be the EVA for the the following. Income Statement in millions) Net sales =$881 COGS=741EBIT=109 Interest expense =12 income before tax=97 taxes =20 Net income =77 Balance sheet (in millions) start of yr ASSETS current assets =312 Long term assets =222 TOTAL Assest =534 LIABILITIES AND Shareholders equity Current Liabilities =157 Long term debt =121 shareholder equity =256 total liabilities and shareholders equity =534 Cost of capital is 8.5%

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