Scranton Shipyards ha s $20 million in total invested operating capital, and its WACC is 10%. Scranton has the following income statement: Sales Operating costs Operating income (EBIT) Interest expense Earnings before taxes (EBT) Taxes (40%) $10.0 million -6.0 million S 4.0 million 2.0 million $ 2.0 millio 0.8 million Net income $ 1.2 milliorn What is Scranton's EVA?
