Connor Cuts Inc. is a local landscaping company that operates three divisions: Kitchener, Waterloo, and Cambridge. Selected sales and operating data for these three divisions are provided below: Sales Average Operating Assets Net Operating Income Minimum Required Rate of Return ROI DIVISION Waterloo Kitchener $ 1,400,000.00 $ 2,500,000.00 500,000.00 $ 1,000,000.00 50,000.00 $ 150,000.00 $ Reject/accept new project with 13% rate of return based on ROI? Select one. 555 $ $ Kitchener 14% (1) A. Calculate the ROI for each division using the formula provided by your instructor (on the white board). B. Assume that each division is presented with an investment opportunity that would yield a 13% rate of return, if performance is being measured by ROI, which division(s) will probably accept or reject the opportunity? ACCEPT OR REJECT DIVISION Waterloo 10% ACCEPT OR REJECT Cambridge $ 1,200,000.00 $ 300,000.00 36,000.00 Cambridge 16% ACCEPT OR REJECT