22. Economic Value Added (EVA) Farmington Company has two divisions-Hardware and software. Adjustments have already been made to net operating profit after taxes (NOFA and average operating assets for the purposes of calculating EVA for each division. This adjusted information is shown as follows. Assume the company's cost of capital is 12 percent. Calculate economic valve added for each division Hardware Division adjusted 5810,000 adjusted 3,500,000 Software Division $980,000 3.200,000 NOPAT Average operating assets og BRIEF EXERCISES (continued) 22. Economic Value Added (EVA) EV 4 formula: Economic value added Hardware EVA: Economic value added Software EVA: Economic value added