I don\'t know why I got a negative EVA Daniels Co uses long-term debt and equity

Question

I don't know why I got a negative EVA
Daniels Co uses long-term debt and equity capital as primary sources of funds. The long-term debt has a market value and book value of $8 6 million and was issued at a 9 percent interest rate The equity capital has a book value of $ 3 million and a market value of $7.5 million Daniels has 3 major centers located around the country with the following operating income, total assets and current liabilities: The cost of equity capital is 12 percent, with a 40 percent tax rate What is the EVA for the Midwest Division?

Explanation / Answer

I don't know why I got a negative EVA Daniels Co uses long-term debt and equity

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