Grace Manufacturing makes fashion products and competes on the basis of quality and leading-edge designs. The company has two divisions, clothing and cosmetics. Grace has 52,800,000 invested in assets in its clothing division. After-tax operating income from sales of clothing this year is $700,000. The cosmetics division has $8,500,000 invested in assets and an after-tax operating income this year of $1,700,000. The weighted-average cost of capital for Grace is 10%. The CEO of Grace has told the manager of each division that the division that"performs best" this year will get a bonus Information given venue, cost, and investment into a single number, so that managers can tment that earns more than the required capital charge increases the The CEO of Grace Manufacturing has recently heard of another measure similar to residual income caled EVA. The CEO has the accountant calculate adjusted incomes for clothing and cosmetics, and finds that the adjusted after-tax operating incomes are 506,000 and $1,092,260, respectively. Also, the clothing division has $500,000 of current liabilities, while the cosmetics division has only $98,000 of current liabilities y to determine the amount of capital and the cost of capital for each business PrintDone reject investments that, from the viewpoint of the company as a whole, should Requirement 2. Using the information given, calculate EVA, and discuss which division manager will get the bonus Begin by calculating the revised Rol for each division using the EVA definition of operating income and assets. Round your answers to two decimal places, XXX% ROI Clothing Division Cosmetics Division Now select the formula to calculate EVA, then compute the EVA for each division. (Enter any percentage as a ratio to two decimal places, X.XX.) T X Clothing Division: Cosmetics Division The manager of the Vdivision will get the bonus because V are(is) higher than the other division Requirement 3. What nonfinancial measures could Grace use to evaluate divisional performances? (Complete all answer boxes.) a. b. C. d. Choose from any list or enter any number in the input fields and then continue to the next