Question $8$

$\frac{0}{1}$ point

Timber$-$Vale Construction Co$.$ had the following year$-$end financial results: Return on Total Capital $=18\%$; Weighted Average Cost of Capital $=11\%$; Capital employed during the year $=$$$44$ Million. What is TimberVale's Economic Value Added?

A$)$ $$6,380,000$

B$)$ $$7,920,000$

C$)$ $$4,840,000$

$$ D$)$ $$3,080,000$