CHECK FIGURE (3) $112,000 Auto Parts is a division of MPI International, located in Wadena, Saskatchewan. Auto Parts manufactures various automobile parts, such as bumpers, fenders, and axles, and sells them to major auto manufacturers. The division and its management are evaluated by senior corporate management on the basis of investment centre concepts. The following information pertains to operations of the Auto Parts division for 2021: Operating results: Total revenues $21,250,000 Less: Direct variable costs 8,750,000 Contribution margin 12,500,000 Less: Direct fixed costs 7,500,000 Segment margin 5,000,000 Less: Allocated corporate costs 3,938,000 Operating income $ 1,062,000 Page 630 Book Values Market Values December 31, December 31, December 31, December 31, 2020 2021 2020 2021 Current assets $ 1,250,000 $ 1,800,000 Fixed assets 10,250,000 11,700,000 Accumulated depreciation (1,250,000) (1,750,000) Total operating assets $ 10,250,900 $11,750,900 $9,500,900 $10,500.900 Liabilities $ 3,000.000 $ 3,500,000 Net assets $ 7 250,000 $ 8,250.000 Required: 1. Compute the margin, turnover, and ROI using operating income and the book value of average total operating assets. 2. Compute ROI replacing net income with segment margin when calculating the margin and average market value of operating assets. 3. Compute RI using operating income and the market value of average net assets. Assume that the required rate of return is 9.5%