Can you please explain the Economic Value Added (EVA) Interpretation of the below information

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Can you please explain the Economic Value Added (EVA) Interpretation of the below information.

 

CALCULATION OF EVA - ECONOMIC VALUE ADDED    

EBIT:$1,601,400.00 

Less: Taxes$239,700.00 

Equals: NOPAT (Net Operating Profit After Tax)$1,361,700.00 

Equals: Invested Capital - Beginning of Period($1,944,100.00)

WACC45.86%

Capital Charge($891,487.49)

EVA (NOPAT - Capital Charge)$2,253,187.49 

Return on Invested Capital -70.04%