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Hubbard Division of the Market Company has an opportunity to invest in a new project. The project will yield an incremental operating income of $34.250

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Hubbard Division of the Market Company has an opportunity to invest in a new project. The project will yield an incremental operating income of $34.250 on average invested assets of $465,000. Hubbard currently has operating income of $180,000 on average invested assets of $2,075,000. Market Company requires a 6% rate of return on new projects. a. What is Hubbard's ROI before making an investment in the project? (Round your answer to 2 decimal places.) Return on Investment % b. What is Hubbard's residual income before making an investment in the project? Residual income c. What is Hubbard's ROI after making the investment in the project? (Round your answer to 2 decimal places.) Retum on Investment

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