Flamengo Co is a sporting goods manufacturing company. The basketball division has the opportunity to invest in two projects for the coming year. The manager needs to make a decision based on the four following scenarios: Nether Projects I or II Only Project I Only Project II Both Projects I and II Operating Income $76,000,000.00 $77,700,000.00 $77,500,000.00 $79,200,000.00 Operating $627,000,000.00 $642,000,000.00 $638,000,000.00 $653,000,000.00 Assets ROJ 12.12% 12.10% 12.15% 12.13% Residual Income $13,300,000.00 $13,700,000.00 $13,500,000.00 $13,900,000.00 Corporate HQ requires that all investments earn at least 10 %. Any capital not used by a division is invested by HQ earning the minimum rate of return. The manager's bonus is based on the return on investment of its division. Thinking about the profitability of the company as a whole, which projects should the manager invest in? Only Project II O Both Projects I and II O Only Project I Nether Projects I or II