Economic value added (EVA) is a measure of managerial performance. EVA equals
a) net income after interest and taxes - (the weighted average cost of capital x total assets
b) (earnings before interest and taxes x (1.0- the tax rate) - (the weighted average cost of capital (total assets - current liabilities)]
c) earnings before interest and taxes residual income
d)after-tax operating income interest on debt - dividends paid