Back Mountain Industries (BMI) has two divisions: East and West. BMI has a cost of capital of 20 percent. Selected financial information (in thousands of dollars) for the first year of business follows Sales revenue Income Investment (beginning of year) Current liabilties (beginning of year) R&D expenditures 54,200 $8,200 870 1,800 3,200 360 1.300 200 760 360 OR&D is assumed to benefit two periods. All R&D is spent at the beginning of the year Required: a-1. Evaluate the performance of the two divisions assuming BMI uses economic value added. (Enter answers in thousands of dollars. Round your answers to 1 decimal place.) sionsEVA East West a-2. Which division had the better performance? East West