Cocost Multinational, Inc., has divisions in Canada, Germany, and New Zealand. The Canadian division is the oldest and most established of the three and has a cost of capital of 6.1%. The German division was started 3 years ago when the exchange rate for the euro was 1 euro = $1.35. The German division is a large and powerful division of Cocost, Inc., with a cost of capital of 8%. The New Zealand division was started this year, when the exchange rate was 1 New Zealand Dollar (NZD) = $0.75. Its cost of capital is 11%. Average exchange rates for the current year are 1 euro = $1.40 and 1 NZD = $0.65. Other information for the three divisions is provided: (Click the icon to view the division data.) Required ... Requirement 1. Translate the German and New Zealand information into dollars to make the divisions comparable. Find the after-tax operating income for each division and compare the profits. (Round the after-tax operating income to the nearest whole dollar.) After-tax operating income Canada Germany New Zealand - $ 0 Division data Canada Germany New Zealand Long-term Assets $ 24,199,000 11,860,231 euros 7,344,437 NZD Operating Revenues $ 23,394,710 6,130,000 euros 5,716,180 NZD Operating Expenses 18,550,000 4,200,000 euros 4,370,000 NZD Income-tax rate 39% 33% 24% Print Done Required 1. Translate the German and New Zealand information into dollars to make the divisions comparable. Find the after-tax operating income for each division and compare the profits. 2. Calculate ROI using after-tax operating income. Compare among divisions. 3. Use after-tax operating income and the individual cost of capital of each division to calculate residual income and compare. 4. Redo requirement 2 using pretax operating income instead of net income. Why is there a big difference, and what does it mean for performance evaluation? Print Done -