Managerial Accounting

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Computing Economic Value Added (EVA) Brandis Inc.


Brandis Inc. uses Economic Value Added (EVA) to measure their performance. For the most recent year, they show:

Data for the most recent year:
Sales \$3,000,000
After tax operating income \$450,000
Weighted average cost of capital 7.8%
Return on Equity 17.5%
Total capital employed \$4,000,000

What is the dollar amount of the EVA for the most recent year?