Residual Income 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 5695,750 $368,550 Total capital employed 4,520.000 3,477,500 In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 7%. Required: Enter negative values as negative numbers. 1. Calculate the residual income for the Adams Division 2. Calculate the residual income for the Jefferson Division 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 5374,850 Total capital employed 4,080,000 3,602,500 Washington's actual cost of capital was 12% Required: $653,400 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. 3. Conceptual Connection: Is each division creating or destroying wealth? Adams Division Jefferson Division