Exercise 14-33 (Static) Comparing Business Units Using Economic Value Added (EVA) (LO 14-4) Universal Electronics, Inc. (UE), which started operations one year ago, has two divisions: Consumer and Commercial. Both divisions Invest heavily in R&D, which is assumed to benefit ten years. R&D spending is made at the beginning of the year. UEI 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. Sales revenue Divisional income Divisional investment Current liabilities R&D Consumer Commercial $22,000 3,883 $37,000 27,500 3,907 27,750 800 1,000 700 1,000 Required: Evaluate the performance of the two divisions assuming UEI uses economic value added (EVA). (Enter your answers in dollars rounded to 1 decimal place.) EVA of Consumer division EVA of Commercial division Which division performed better? The Consumer division performed better