Spordyne inc. recently raised capital through an initial public offering (ipo). its stock can now be purchased on the nyse. this company is referred to as: a. a publicly owned corporation b. a closely held corporation

For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?