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4. Steinway has two major segments pianos and hand 3: orchestral instruments. Suppose you were evaluating each division (in doing so, just focus on the

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4. Steinway has two major segments pianos and hand 3: orchestral instruments. Suppose you were evaluating each division (in doing so, just focus on the "Total" amount for each division) from the perspective of Economic Value Added on their assets. Compute the 131713135533 for both divisions for 2012 using operating prot (which is before interest). Assume a cost of capital of 8%. Taken at face value, What do these EVA numbers teli you about whether the divisions should be closed down or retained? (it points)

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