22. Economic Value Added (EVA), Farmington Company has two divisions-Hardware and Software. Adjustments have already been made to net operating profit after taxes (NOPAT) 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 value added for each division. Hardware Division Software Division NOPAT-adjusted $810,000 $980,000 Average operating assets-adjusted 3,500,000 3,200,000 23 Annandi bat