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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

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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: Brick and Mortar Division $181.440,000 Internet Division $17,337,600 2,822,400 7,862,400 1,411,200 468,720 Total assets Noninterest-bearing current liabilities Interest expense Net income (loss) Tax rate Cost of capital 31,147,200 (1.260,000) 20% 0 10% 12% Evaluate the two divisions in terms of economic value added (EVA). (Enter negative answers preceding either - sign, eg. -45 or in parentheses, eg. (45) Brick & Mortar Division Internet Division EVA $ 14918400 $

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