2 Selected sales and operating data for three divisions of a multinational structural engineering firm are provided below: Sales Average operating assets Net operating income Minimum required rate of return Asia Division Europe North America $ 25,000,000 $ 27,000,000 $ 38,000,000 6,250,000 937,500 15% 790,000 11% 9,680,000 15,200,000 1,672,000 17% Required: 1. Compute the ROI for each division using the formula stated in terms of margin and turnover. (Do not round intermedia calculations and round your final answers to the nearest whole percent.) ROI Asia division Europe division 15 % 8 % North America division 11 % 2. Compute the RI for each division. RI Asia division $ 0 Europe division $ 274,800 North America division $ 912,000 3. Assume that each division is presented with an investment opportunity that would yield a 14% rate of return. a. If performance is being measured by ROI, which division(s) will probably accept the opportunity? Reject the opportunity? Asia division Europe division North America division ROI b. If performance is being measured by RI, which division(s) will probably accept the opportunity? Reject the opportunity? Asia division Europe division North America division RI