Figure 4 The Following Results for the Year Pertain to the Northern

Multiple Choice

Figure 4
The following results for the year pertain to the Northern Division of Garvey Ltd.:
-Refer to Figure 4. Northern's total capital employed is £1,200,000, and their weighted average cost of capital is 12 percent. Economic value added for the Northern Division is

A) £240,000
B) £144,000
C) (£104,000)
D) £16,000