Question: Houghton Chemicak, which started operations one year ago, has two divions Aloys and Petro. Both dmsions irvest heavily in Rso, which is aswumed to genevate

Houghton Chemicak, which started operations one year ago, has two divions Aloys and Petro. Both dmsions irvest heavily in Rso, which is aswumed to genevate benetfs for tive years. RAD spending s made uniformby throughout the yeac Houghton Chemicals has a cost of capital of 11 percent. Selected mancial information for the two divisions in thousands of dollars for the vear just completed follions:
\table[[sales revenar,Nazey,Petre],[Divistemal incere,17,400,$3,900],[Etutitimal inuelteret,77,Ses],[Gerreat Hebl3kties,5,5se,7, eeve],[,160,2ee],[an,3et,3ee]]
Depultreet
Evaluate tye performance of the two divisons assumng Houghton Chemicals uses econome value added (eVA)
Note: Eater your answers in thousands of doliers rounded to 1 decimal plece.
\table[[EVh of Aloys divtion,],[EVk ef Petre divtion,],[Which dwision persormed bether?,The Petre diveion perlormed beter]]
Houghton Chemicak, which started operations one

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