Casey Motors recently reported the following information:
Net income = $850,000.
Tax rate = 40%.
Interest expense = $200,000.
Total investor-supplied operating capital employed = $9 million.
After-tax cost of capital = 10%.
1.What is the company's EVA?
a. $67,200
b. $82,600
c. $64,400
d. $70,000
e. $83,300