P MindTap HW 1 - Spring 2021 - Fi X * MindTap - Cengage Learning b Answered: Over the years, Maste X 8...

Extracted text: P MindTap HW 1 - Spring 2021 - Fi X * MindTap - Cengage Learning b Answered: Over the years, Maste X 8 https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=590512258542108435051542&EISBN=9780357114582&snapshotld=220... Chelsea v CENGAGE MINDTAP Q Search this course A My Home HW 1 Courses Back to Assignment O Catalog and Study Tools Attempts: Average: / 1 A-Z Partner Offers 12. Problem 3.11 (EVA) EE Rental Options dOffice eBook Problem Walk-Through College Success Tips For 2018, Gourmet Kitchen Products reported $23 million of sales and $18 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 8% and its federal-plus-state income tax rate was 36%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during Career Success Tips 2018? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. 2$ You are eligible for a FREE 7- day trin lof Cengage Unlimited