Compute the May 20xx EVA for an Investment Center with the Following

Multiple Choice

Compute the May 20xx EVA for an investment center with the following information: $\begin{array}{lr}\text { Pre-tax operating income for May 20xx } & \$ 18,000,500 \\\text { Income tax expense for May 20xx } & 5,100,000 \\\text { Assets at May 31, 20xx } & 13,200,500 \\\text { Current liabilities at May 31, 20xx } & 10,000,000 \\\text { Long-term liabilities at May 31, 20xx } & 3,500,000 \\\text { Minimum desired rate of return } & 20 \%\end{array}$
Minimum desired rate of return 20%

A) $12,260,400
B) $12,700,500
C) $11,880,500
D) $12,200,500