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Check my work Vernon Technologies, Inc. has three divisions, Vernon has a desired rate of return of 11.0 percent. The operating assets and income for
Check my work Vernon Technologies, Inc. has three divisions, Vernon has a desired rate of return of 11.0 percent. The operating assets and income for each division are as follows: 4.32 points Operating Assets 710,000 980,000 530,000 $2,220,000 Divisions Printer Copier Fax Total Operating Income $112, 890 100,940 69,960 $283,790 Skipped eBook References Vernon headquarters has $137.000 of additional cash to invest in one of its divisions. The division managers have identified investment opportunities that are expected to yield the following ROIS Divisions Printer Copier Fax Expected ROIS for Additional Investments 12.5% 11.5% 10.5% Required a-1. Calculate the ROI for each division. a-2. Which division manager is currently producing the highest ROI? b. Based on ROI, which division manager would be most eager to accept the $137,000 of investment funds? Mc Graw Graw Mic Graw
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