As the Staff Accountant for NYC Investment Center #1,compute the Center's

Essay

As the staff accountant for NYC Investment Center #1,compute the center's EVA,using the following information:
$\begin{array}{lr}\text { Pretax Operating income } & 900,000 \\\text { Income taxes } & 270,000 \\\text { Total assets } & 1,500,000 \\\text { Total liabilities } & 1,000,000 \\\text { Long-term liabilities } & 100,000 \\\text { Cost of capital } & 55 \%\end{array}$