The after-tax income of Obaapa Ltd, adjusted for economic value, is 15 per cent of sales, the

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The after-tax income of Obaapa Ltd, adjusted for economic value, is 15 per cent of sales, the capital employed is GHS5,000,000 (adjusted for equity-equivalents), the divisional cost of capital (discount rate) is 8 per cent, and the sales are GHS12,000,000. Determine the Economic Value Added.