8. (4 points) Financial data for Emma Company for last year follow: Emma Company Income Statement For the Year Ended December 31, 2019 Sales 1,714,800 Operating expenses 1,500,000 Net operating income 214,800 Interest and taxes: Interest expense 50,000 Tax expense 80,000 130,000 Net income 84,800 Beginning Ending Cash 200,000 250,000 Accounts receivable 140,000 120,000 80,000 50,000 Inventory Plant and equipment, net 450,000 500,000 920,000 Total 870,000 Required: 1. Compute the company ROI for last year. 2. The board of directors of Emma Company has set a minimum required rate of return of 18%. Compute the company residual income last year