Houston Pumps recently reported net income of $600,000, and…
Houston Pumps recently reported net income of $600,000, and an interest expense of $220,000. The company has total invested capital employed of $7.2 million, a tax rate of 40%, and an after-tax cost of capital of 10%. What is the company’s EVA? Your answer should be between 9200 and 37500, rounded to even dollars (although decimal places are okay), with no special characters.
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