The modern language corporation earned 16 million on net, Finance Basics

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The modern language corporation earned 16 million on net

The Modern Language Corporation earned $1.6 million on net assets of $20 million. The cost of capital is 11.5%. Calculate the net ROI and EVA. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter "EVA" answer in millions rounded to 1 decimal place.)
ROI = ? I have come up with -3.75/rounded to -4 and the answer is wrong. Can you help me with this one please?

EVA = $-0.7 million

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Finance Basics: The modern language corporation earned 16 million on net

Reference No:- TGS0579951

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: The modern language corporation earned 16 million on net

Reference No:- TGS0579951

Recent Questions Asked Finance Basics

Q : Biting an unpopped kernel of popcorn hurts as an experiment

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