For 2019, Gourmet Kitchen Products reported $21 million of sales and $17 million of operating costs (including depreciabon). The companx has $14 milion af tatal invested capital, Its after-tax cost of capital is 8 J.b and its federal-plus.state income tax rate was. 25% . What was the firm's economic value added (EvA), that is, how much value did management add to stockholders' wealth during 2019 ? Write out your answer completely. For example, 25 million ahould be entered as 25,000,005 Round your answer to the nearest dollar, if necessary.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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For 2019, Gourmet Kitchen Products reported $21 million of sales and $17 million of operating costs (including depreciabon). The companx has $14 milion af tatal invested capital, Its after-tax cost of capital is 8 J.b and its federal-plus.state income tax rate was. 25% . What was the firm's economic value added (EvA), that is, how much value did management add to stockholders' wealth during 2019 ? Write out your answer completely. For example, 25 million ahould be entered as 25,000,005 Round your answer to the nearest dollar, if necessary.

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