7 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. 20 points Consumer $ 56,000 12,100 36,000 4,400 4,400 Sales revenue Divisional income Divisional investment Current liabilities R&D Commercial $ 88,000 12,555 40,500 4,200 4,400 01:49:34 Required: Evaluate the performance of the two divisions assuming UEI uses economic value added (EVA). (Enter your answers in thousands of dollars rounded to 1 decimal place.) X Answer is complete but not entirely correct. EVA of Consumer division EVA of Commercial division $ 64,140.0 $ 96,178.0 The Commercial division performed better Which division performed better? X 7 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. 20 points Consumer $ 56,000 12,100 36,000 4,400 4,400 Sales revenue Divisional income Divisional investment Current liabilities R&D Commercial $ 88,000 12,555 40,500 4,200 4,400 01:49:34 Required: Evaluate the performance of the two divisions assuming UEI uses economic value added (EVA). (Enter your answers in thousands of dollars rounded to 1 decimal place.) X Answer is complete but not entirely correct. EVA of Consumer division EVA of Commercial division $ 64,140.0 $ 96,178.0 The Commercial division performed better Which division performed better? X