Question

Barton Industries has operating income for the year of $3,000,000 and a 38% tax rate. Its...

Barton Industries has operating income for the year of $3,000,000 and a 38% tax rate. Its total invested capital is $20,000,000 and its after-tax percentage cost of capital is 6%. What is the firm's EVA? Round your answer to the nearest dollar, if necessary.

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