Phipps Chips Projected Financial Data

Current Assets $ $1,140,000$

Long$-$Term Assets $ $2,640,000$

Total Assets $ $3,780,000$

Current Liabilities $ $1,090,000$

Long$-$Term Liabilities $ $1,631,000$

Total Liabilities $ $2,721,000$

Equity $ $1,059,000$

Production units $100,000$

Sales Price $ $8$

Target ROI $15\%$

Fixed Costs $ $191,000$

Variable Costs $ $1\mathrm{.}50$

Required Rate of Return $14\%$

Income Tax Rate $25\%$

Interest Rate $10\%$ a$.$ What is Phipps Chips$$ ROI? Note: Round your answer to $2$ decimal places $($i$.$e$.\mathrm{.}1234=12\mathrm{.}34\%).12\mathrm{.}14$selected answer correct $\%$

b$.$ What is Phipps Chips$$ residual income $($RI$)?$ Note: A loss should be entered as a negative value. $$(70,200)$selected answer correct

c$.$ What is Phipps Chips$$ economic value added $($EVA$)?$ Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.