Conglomerate Group Ltd has three major divisions and the summary financial data (in millions) for 2021 and 2022 are as follows: Divisional managers have an annual bonus plan based on divisional return on investment (ROI) which is defined as operating income divided by total assets. Senior executives of divisions reporting increases in ROI from the prior year are automatically eligible for a bonus. Senior executives of divisions reporting a decline in the division ROI have to provide persuasive explanations for the decline to be eligible for a limited bonus. The general manager of the Pacific Division is considering a proposal to invest $300 million in new technology. The estimated increment to 2022 operating income would be $60 million. The company has a 12% required rate of return for investments in all three divisions. Required: (a) For ALL the three divisions, calculate the return on investment (ROI) for 2022 showing the sales margin and asset turnover in the profitability analysis. (9 marks) (b) For the Pacific division, calculate the residual income (RI) before AND after the proposed new investment. Advise the general manager whether the proposal is worthwhile or not. (5 marks) (c) For ALL the three divisions, calculate the economic value added (EVA) for 2022 assuming the entire firm is having a weighted average cost of capital (WACC) of 15%, a tax rate of 30%, and current liabilities equivalent to 20% of the total assets