1. Using a hurdle rate of 15 percent, compute the division's residual income. You must show your work to receive full credit. 25 points 2. Explain how the residual income is related to the 20 percent ROI. Use a minimum of two sentences to explain your answer. 25 points 3. The division manager is considering a proposed project with 18 percent ROI. a. If the performance of the division manager is evaluated based on the division ROI and the division manager acts in personal interest, will the division manager accept the proposed project? Use a minimum of two sentences to explain your answer. 25 points b. If the performance of the division manager is evaluated based on the residual income and the division manager acts in personal interest, will the division manager accept the proposed project? Use a minimum of two sentences to explain your answer. 25 points