Agile sports Company makessnowboards, downhillskis, cross-countryskis, skateboards,surfboards, andin-line skates. The company has found it beneficial to split operations into two divisions based on the climate required for thesport: Snow Sports andNon-Snow Sports. The following divisional information is available for the pastyear:

Divisional information Operating Total Current Sales Income Assets Liabilities Snow Sports . ..... 5,200,000 $ 1,010,500 $ 4,300,000 $ 440,000 Non-Snow Sports . .. . 8,000,000 676,500 3,300,000 740,000 Agile Sports management has specified a target 18% rate of return. The company's weighted average cost of capital (WACC) is 11%, and its effective tax rate is 34%.1. Calculate each division's ROI. Enter the formula, and then calculate each division's ROI. (Enter the ROI as a percent rounded to one decimal place, X.X%.) ROI Snow Sports Non-Snow Sports % 2. Top management has extra funds to invest. Which division will most likely receive those funds? Why? The will most likely receive those funds because it has 3. Can you explain why one division's ROI is higher? How could management gain more insight