Solved: What was the firms economic value added eva that is how, Financial Management

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What was the firms economic value added eva that is how

EVA For 2012, Malcom's Supplies reported $3,300,000 of sales and $2,310,000 of operating costs (including depreciation). The company has $4,950,000 of investor-supplied operating capital. Its weighted average cost of capital is 11.30% and its federal-plus-state income tax rate was 33.30%.

What was the firm's Economic Value Added (EVA), that is, how much value did management add to stockholders' wealth during 2012?

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