Peterson Corp. is a reinsurance and financial services company. Peterson strongly believes in evaluating the performance of its stand-alone divisions using financial metrics such as ROI and residual income. For the year ended December 31, 2020, Peterson's chief financial officer (CFO) received the following information about the performance of the property/casualty division: (Click the icon to view the data.) For the purposes of divisional performance evaluation, Peterson defines investment as total assets and income as operating income (that is, income before interest and taxes). The firm pays a flat rate of 25% in taxes on its income. Read the requirements. Requirement 1. What was the net income after taxes of the property/casualty division? Net income after taxes of the property/casualty division is - X Data Table Requirements Sales revenues $ 825,000 Operating income 224,000 1. 2. 3. Total assets Current liabilities 1,400,000 270,000 420,000 4. Debt interest rate: 8%) Common equity (book value) 470,000 What was the net income after taxes of the property/casualty division? What was the division's ROI for the year? Based on Peterson's required rate of return of 12%, what was the property/casualty division's residual income for 2020? Peterson's CFO has heard about EVA and is curious about whether it might be a better measure to use for evaluating division managers. Peterson's four divisions have similar risk characteristics. Peterson's debt trades at book value while its equity has a market value approximately 130% that of its book value. The company's cost of equity capital is 13%. Calculate each of the following components of EVA for the property/casualty division, as well as the final EVA figure a. Net operating profit after taxes b. Weighted average cost of capital Investment, as measured for EVA calculations Print Done C. Enterl