Provided below are the financial statements for J Ltd.:
Income statement
Balance Sheet
2021
2020
ng
Net sales
Cost of goods sold
Depreciation
EBIT
$452
$389
$841
$354
$374
$728
$984
Assets
$752
Current assets
$27
Long-term assets
$205
Total assets
$25
Liabilities and shareholders' equity
Current liabilities
$180
Long-term debt
$27
Shareholders' equity
$153
Total liabilities and shareholders' equity
Interest expense
Income before taxes
$247
$164
$145
$157 $437
$419
Taxes
$841
$728
Net income
Calculate economic value added (EVA), assuming cost of capital is 7.5%. (Round all the intermediate calculations and the final answer to 2 decimal places)
