Carf's Connection manufacturess add-on products forthe automobile hdustry. The manager at Carf's Connection has kust been presented the opportunity to invest in two independent projects. The first is an air conditioner for the back seats of vans. The second opportunity 6 a turbocharger for sedans. Whhout elkher investment, the company currently expects average assets for the coming year to be $28.9 millon and expects operating income to be $4.335mili on. Alow k the expected cost (outto ) for each investment and their expected operating incame. It can be assumed that the outlay k the value of the asset. 1. Compite the Roi for each investment by itself. After in percent form, round to the nearest hundredth. (2 points. MUST tre a formula in the cell for your calculotion). 2. Compute the company wide ROI for each altemative below. After in percent foem, round to the nearest hundredth (4 points; MUST use a formult in the onl for your calculation). 3. If the manager is rewarded on the basis of foi performance of his/her investment choice only, which invertment would he/she choose? Would this be the same decision, if the/she was choosing an a ternative tased on which for was best for the company? Explain your reasoning, (3 points) 4. Suppose the company sets a minimum recuied tase of return equal to 14 W. Cakidat the ietidual income (R) for each of the following ahernatives. (4 points. MUST une a formula in the cest for your cakiationt) 5. Based on the consideration of residual hoome alone, which option should the manager choose for the compam? Explain wity. (2 points)