For 2015, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company has $20,500 of total invested capital, the weighted average cost of that capital (the WACC) was 13%, and the federal-plus-state income tax rate was 40%.
1. What was the firm's Economic Value Added (EVA), i. e., how much value did management add to stockholders' wealth during 2014?
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