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Clinton Corporation desires a return on investment of at least 18%. During 2022 , the company had net operating income of $420,000 and average operating

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Clinton Corporation desires a return on investment of at least 18%. During 2022 , the company had net operating income of $420,000 and average operating assets of $2,000,000. Required: a. Calculate the company's return on investment (ROI) and residual income (RI). b. Clinton Corporation has the opportunity to invest $70,000 in a project that will generate annual net operating income of $13,500. Would it be in the best interests of the company to make this investment? Why? c. If the division considering this investment currently has a return on investment of 20% and its manager is evaluated based on the division's ROI, will the division manager be inclined to request funds to make this investment? Explain your answer. d. If the division considering this investment currently has a residual income of $50,000 and its manager is evaluated based on the division's residual income, will the division manager be inclined to request funds to make this investment? Explain

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