2 (35 Points) Eady Wares is a division of a major corporation. The following data are for the latest year of operations: Sales Net operating income $ 30,000,000 $ 1,800,000 Average operating assets $ The company's minimum required rate of return 12,000,000 9% Required: 1. Using net operating income/sales, what is the division's margin? 2. Using sales/average operating assets, what is the division's turnover? 3. Using the division's margin and turnover, calculate the division's return on investment (ROI)? 4. Using the template provided, what is the division's residual income? Net Operating Income Minimum Required Return: Residual Income 5. Assume the division is presented with a new investment opportunity that would yield a 12% ROI. a. If the division's management desires to maximize ROI of the division, will they accept or reject the opportunity? Why? b. If the division's management desires to maximize residual income of the division, will they accept or reject the opportunity? Why