Casey Motors recently reported net income of $42 million. The firm's tax rate was 40 percent, and interest expense was $11 million. The company's after-tax cost of capital is 8 percent, and the firm's total investor supplied operating capital employed equals $252 million. What is the company's EVA? (Answers are in $ millions.)
Question 6 options:
1) $70.00
2) $42.00
3) $28.44
4) $48.60
5) $20.16