Assume Magnificent Modems, Inc., is a division of Gilmore Business Products (GBP). GBP uses ROl as the primary measure of managerial performance. GBP has a desired return on investment (ROI) of 6.60 percent. The company has $300,000 of investment funds to be assigned to its divisions. The president of Magnificent is aware of an investment opportunity for these funds that is expected to yield an ROI of 8.20 percent. Required Q-1. Calculate the existing ROl for Magnificent. 0-2. Based on your computations will the President of Magnificent accept or reject the $300,000 investment opportunity? c-1. Calculate the estimated residual income of the new investment opportunity. c-2. Based on the residual income would the President of Magnificent accept or reject the $300.000 investment opportunity? Complete this question by entering your answers in the tabs below. Calculate the existing ROI for Magnificent. Based on your computations will the President of Magnificent accept or reject $300,000 investment opportunity? (Round your answer to 2 decimal places. (i,e., .2345 should be entered as 23.45 ). Complete this question by entering your answers in the tabs below. Calculate the estimated residual income of the new investment opportunity. Based on the residual income would the Presiden Magnificent accept or reject the $300,000 investment opportunity