A condensed income statement for the Commercial Division of Maxell Manufacturing Inc. for the year ended December 31, 2016, is as follows: $385000000 1 Sales 2A70,00000 2 Cost of goods sold 1.18000000 s Gross profit 79500000 4 Operating expenses S385,000.00 s Income from operations $2,5000000 Invested assets Assume that the Commercial Division received no charges from service departments. The president of Maxell Manufacturing has indicated that the division's rate of return on a $2,750,000 investment must be increased to at least 18.00% by the end of the next year if operations are to continue. The division manager is considering the following three proposals: Proposal 1: Transfer equipment with a book value of $315,000 to other divisions at no gain or loss and lease similar equipment, The annual