Based on my caluclations to find EVA using Operating Income - (Average total Assets x Cost of Captial) I keep getting the bottom row of answers, but it says incorrect. Any chance someone can walk me thru the formula needed for Required 3: Calculate EVA for each division.

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 Skin lotions $3,250,000 $60, eee,000 $1,500,000 $ 1,800,000 2,750,000 33,000,000 Hair products 8,000,000 6,000,000 5,000,000 Minimun desired rate of return 55,000,000 1,000,000 700,000 5.ee Cost of capital 4.09x Required: 1 Calculate the return on investment (RON for each division, (Round your answers to 2 decimal places. (.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 2 Return on investment (ROI) Residual income (RU EVA Soap Products 5.42 % 250.000 850.000 3 s Skin Lotions 8 33 % 5 1.100.000 S 1.430,000 $ Hair Products 9.09% $ 2.250,000 $ 2.800,000 3 $