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  3. galvan consulting, inc. recently reported the foll

Galvan Consulting, Inc. recently reported the following information: , Net income =$900,000 ...

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Accounting

Galvan Consulting, Inc. recently reported the following information:
, Net income =$900,000
, Sales =$3,500,000
Total Assets =$4 million
Tax rate =40%
Interest expense =60,000
Accounts Payable =230,000
Notes Payable =150,000
Accruals =70,000
After-tax cost of capital =12%
What is the company's EVA?
a. $474,000
b. $510,000
c. $492,000
d. $456,000
e. None of the above.
The answer is C, please explain all steps. I am confused on how to get the Total Capital, so please tell me how to do that in depth and what it consists of.
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