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: Intangibles Operating Average Value of Effect on Division Income Total Assets Intangibles Income Soap products $3,240,500 $59,990,500 $1,490,500 $ 990,500 Skin lotions 2,740,500 32,990,500 7,990,500 5,990,500 Hair products 4,990,500 54,990,500 990,500 690,500 Minimum desired rate of return 5.00 Cost of capital 4.009 Required: 1. Calculate the return on investment (ROI) for each division. (Round your answers to 2 decimal places.(i.e..1234 - 12.34%)) 2. Calculate the residual income (RI) for each division. 3. Calculate EVA for each division. Answer is complete but not entirely correct. 1 Soap Products 5.40% 240,975 840,880 X Return on investment (ROI) Residual income (RI) EVA Skin Lotions 8.31% $ 1,090,975 $ 1,420,880 Hair Products 9.08% $ 2.240,975 $ 2,790,880 2 $ 3