The Following Income Statements and Other Information Are Available for the Biltmore

Multiple Choice

The following income statements and other information are available for the Biltmore Company:
$\begin{array}{lrr}&2014&2013\\\text { Sales } & \$ 230,000,000 & \$ 220,000,000 \\\text { Cost of goods sold } & \underline{105,000,000} & \underline{96,000,000} \\\text { Gross margin } & \underline{145,000,000} & \underline{124,000,000}\\\text { Selling and administrative costs } & 25,000,000 & 22,500,000 \\\text { Research and development } & 15,600,000 & 12,400,000 \\\text { Income from operations } & 104,400,000 & 89,100,000 \\\text { Income taxes expense } & 36,540,000 & 31,185,000\\\text { Net income }&\$67,860,000&\$67,915,000\\\text { Total assets }&\$ 650,000,000 & \$ 605,000,000 \\\text { Noninterest-bearing current liabilities }&\$ 15,000,000 & \$ 12,300,000\end{array}$
Biltmore's interest expense is $0, its income tax rate is 35 percent, and its cost of capital is 10 percent. Biltmore amortizes R&D over 4 years. By how much is invested capital adjusted as it relates to computing EVA for 2014?

A) $17,900,000
B) $7,800,000
C) $15,600,000
D) $21,000,000