Herb Huskie currently has an ROI of 16%, average operating assets of $1,500,000 and NOI of $240,000. The minimum required rate of return is 10%. Huskie can make an investment of $250,000 for a new project that would generate a NOI of $30,000. Using ROI, would Huskie make this investment?

1. Yes, the new project would have a ROI of 12%.

2. Yes, the new project would have a ROI of 16%.

3. No, the new project would have a ROI of 12%.

4. No, the new project would have a ROI of 16%.