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Managerial Accounting

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Frond Inc.: Calculate Economic Value Added for Recent Year

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Frond 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 \$5,000,000


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