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Enrod Company has two divisions: Old and New. Its summary results are: Old New Investment $2M $5M Net Profit $ 400,000 $ 900,000 Enrod's cost

Enrod Company has two divisions: Old and New. Its summary results are:

Old New

Investment $2M $5M

Net Profit $ 400,000 $ 900,000

Enrod's cost of capital is 16%. What is the ROI and RI for Old Division?

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