7.14 pts Question 3 Jane Doe is president of the ABC Company. The company is decentralized, and leaves investment decisions up to the discretion of the division managers. John Smith, manager of the Cosmetics Division, has had a return on investment of 14% for his division for the past three years and expects the division to have the same return in the coming year. Smith has the opportunity to invest in a new line of cosmetics which is expected to have a return on investment of 12%. The company's minimum required rate of return is 8%. Suppose ABC Company evaluates managerial performance using return on investment. Jane Doe, as president of the company, may view the opportunity for taking on the cosmetics line differently from John Smith, manager of the Cosmetics Division. What action would each of them prefer with respect to the decision of whether to take on the new cosmetics line? Jane Doe John Smith A) accept reject B) reject accept C) accept accept D) reject reject