HOMEWORK 【关于EVA的计算】 M Group has the following financial information: (1) Capital employed at the end of 2016 amounted to $299m. (2) Amortisation of goodwill amounted to $6m per year in both 2016 and 2017. The amount of goodwill writtenoff against reserves on acquisitions in years prior to 2016 amounted to $56m. (3) The Group’s pre-tax cost of debt was estimated to be 12%. (4) The Group’s cost of equity was estimated to be 17% in 2016 and 18% in 2017. (5) The target capital structure is 50% equity, 50% debt. (6) The rate of taxation is 30% in both 2016 and 2017. (7) Economic depreciation amounted to $47m in 2017. Accounting depreciation amounted to $33 in 2017. (8) Interest payable amounted to $6m per year in both 2016 and 2017. (9)Other non-cash expenses amounted to $16m in 2016 and $17 in 2017. Other information: SOCI: PAT=68 in 2017 Required : calculate M Group's EVA in 2017.