Exercise 9-13A (Algo) Return on investment and residual income LO 9-2, 9-3 Balrd Home Maintenance Company earned operating Income of $6,058,800 on operating assets of $59,400,000 during Year 2. The Tree Cutting Division earned $1,774,770 on operating assets of $6,870,000. Baird has offered the Tree Cutting Division $2,080,000 of additional operating assets. The manager of the Tree Cutting Division belleves he could use the additional assets to generate operating income amounting to $407,680. Balrd has a desired return on investment (ROI) of 8.20 percent. Required a. Calculate the retum on Investment for Baird, the Tree Cutting Divislon, and the additional investment opportunity. b. Caiculate the residual income for Baird, the Tree Cutting Division, and the additional investment opportunity. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Calculate the return on investment for Baird, the Tree Cutting Division, and the additional investment opportunity. Note: Round your answen to 2 decimal places. (l.e., 0.2345 should be entered as 23.45). Calculate the resldual income for Baird, the Tree Cutting Division, and the additional investment opportunit