3. Young Ruwaard Academy is day care and kindergarten centre. They started their operation since 2015 and have several branches at Bukit Jelutong, Bukit Tinggi and Bandar Botanic. Below is the information for each branch: Revenue Operating income Operating assets Minimum required rate of return Required: (a) (b) (c) (d) Bukit Jelutong RM340,000 RM15,000) RM40,000 10% Bukit Tinggi RM380,000 RM26,000 RM45,000 18% Bandar Botanic RM450,000 RM54,400 RM92,000 23% Determine each branch's performance using the following method: i. Return on Investment (ROI). ii. Residual Income (RI). 199 If the company need to only maintain two branches, identify which branches will be the best choice. Justify your answer. Assume that the company is planning to open one new branch in Shah Alam with an investment of RM400,000 that will generate annual net operating income of RM27,000 and 12% minimum rate of return. However, they need to close down Bukit Jelutong branch if they want to open Shah Alam branch. Calculate the Return on Investment (ROI) and Residual Income (RI) of the new branch. Based on ROI calculated in question 3 (c), do you think the company should continue with their plan? Justify your answer.