Elliott Corporation has three divisions with the following results last year: Division X Return on Investment 9% Residual Income (based on a 12% required rate of ($6,000) return) Division Y 14% $20,000 Division Z 22% $60,000 Each division has the opportunity to invest in a new product line that is expected to yield a 16% return. 3. If the divisions are evaluated based on Residual Income, which divisions will accept the new investment opportunity? a. Only Division X b. Only Division Y c. Only Divisions X and Y d. Divisions X, Y, and Z 4. Division X has average net operating assets of: a. $200,000. b. $50,000. c. $66,667 d. Cannot be determined with the given information