Economic Value Added

Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results:

	Adams Division		Jefferson Division
Net (after-tax) income	$611,050		$324,450
Total capital employed	4,120,000		3,445,000

Washington's actual cost of capital was 13%.

Required:

1. Calculate the EVA for the Adams Division. If required, enter a negative EVA as a negative number by entering your answer with the minus sign. $

2. Calculate the EVA for the Jefferson Division. If required, enter a negative EVA as a negative number by entering your answer with the minus sign. $