Heather Smith Cosmetics $($HSC$)$ manufactures a variety of products and is organized into three divisions $($investment centers$)$: soap products, skin lotions, and hair products. Information about the most recent year$$s operations follows. The information includes the value of intangible assets, including research and development, patents, and other innovations that are not included on HSC$$s balance sheet. Were these intangibles to be included in the financial statements $($as they are for EVA$),$ the increase in the balance sheet and the increase in after$-$tax operating income would be as given below:

Division Operating Income Average Total Assets Value of Intangibles Intangibles$$ Effect on Income

Soap products $ $3,244,500$ $ $59,994,500$ $ $1,494,500$ $ $994,500$

Skin lotions $2,744,50032,994,5007,994,5005,994,500$

Hair products $4,994,50054,994,500994,500694,500$

Minimum desired rate of return $5\mathrm{.}00\%$

Cost of capital $4\mathrm{.}00\%$

Required:

$1.$ Calculate the return on investment $($ROI$)$ for each division. $($Round your answers to $2$ decimal places. $($i$.$e$.\mathrm{.}1234=12\mathrm{.}34\%))$

$2.$ Calculate the residual income $($RI$)$ for each division.

$3.$ Calculate EVA$$ for each division.