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Current Attempt in Progress The Steering Book Company has two divisions: The Brick and Mortar division sells books through more than 100 bookstores throughout the
Current Attempt in Progress The Steering Book Company has two divisions: The Brick and Mortar division sells books through more than 100 bookstores throughout the United States; the Internet division was formed 18 months ago and sells books via the Internet. Data for the past year are: Total assets Noninterest-bearing current liabilities Interest expense Net income (loss) Tax rate Cost of capital Brick and Mortar Division $181,440,000 7.862,400 1,411,200 31,147,200 20% 10% Internet Division $17,337,600 2,822,400 468,720 (1.260,000) 0 12% Evaluate the two divisions in terms of economic value added (EVA). (Enter negative answers preceding either - sign, e.g.-45 or in parentheses, e.g. (45).) Brick & Mortar Division Internet Division EVA $
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