Please answer. Thank you! CoursHeroTranscribedText: Universal Electronics, Inc. (UEI), which started operations one year ago,...
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CoursHeroTranscribedText: Universal Electronics, Inc. (UEI), which started operations one year ago, has two divisions: Consumer and Commercial. Both divisions invest heavily in R&D, which is assumed to benefit five years. R&D spending is made uniformly throughout the year. UEl has a cost of capital of 11 percent. Selected financial information for the two divisions (in thousands of dollars) for the year just completed follows. Consumer Commercial Sales revenue $22, 000 $37, 000 Divisional income 3 , 850 3 , 885 Divisional investment 27, 500 27 , 750 Current liabilities 1, 000 800 R&D 1, 000 1, 000 Required: Evaluate the performance of the two divisions assuming UEl uses economic value added (EVA). (Enter your answers in thousands of dollars rounded to 1 decimal place.) EVA of Consumer division EVA of Commercial division Which division performed better
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