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Compute the May 20xx EVA for an Investment Center with the Following

question 80

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Compute the May 20xx EVA for an investment center with the following information:  Pre-tax operating income for May 20xx $18,000,500 Income tax expense for May 20xx 5,100,000 Assets at May 31, 20xx 13,200,500 Current liabilities at May 31, 20xx 10,000,000 Long-term liabilities at May 31, 20xx 3,500,000 Minimum desired rate of return 20%\begin{array}{lr}\text { Pre-tax operating income for May 20xx } & \$ 18,000,500 \\\text { Income tax expense for May 20xx } & 5,100,000 \\\text { Assets at May 31, 20xx } & 13,200,500 \\\text { Current liabilities at May 31, 20xx } & 10,000,000 \\\text { Long-term liabilities at May 31, 20xx } & 3,500,000 \\\text { Minimum desired rate of return } & 20 \%\end{array}
Minimum desired rate of return 20%


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