2 7 points Exercise 14-33 (Algo) Comparing Business Units Using Economic Value Added (EVA) (LO 14-4) View previous a 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. 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 Print Divisional income References Divisional investment Current liabilities R&D Consumer $60,000 Commercial $94,000 13,300 13,860 37,000 42,000 4,800 4,600 4,800 4,800 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.) EVA of Consumer division EVA of Commercial division $ 9,230.0 $ 9,240.0 Which division performed better? The Consumer division performed better