Hy's is a nationwide hardware and furnishings chain. The manager of manager estimates revenues will be $4,720,000, cost of goods sold will be $2.973,800, and operating expenses for this level of sales will be $4 $3,370,000 before considering the following proposal. the Hy's Store in Boise is using ROL Hy's headquarters requires an ROl of 8 percent of assets. For the coming year, the throughout the year is 72,000 Investment in the store assets A representative of Ace Appli merchandise cost of $1,117,200. Annual operating expenses for this additional merchandise line total $158,000 To carry the line of goods, an inventory investment of $1,020,000 throughout he year ia required. Ace is willing to floor-plan the merchandise so that the Hy store will not have to invest in any inventory. The cost of floor planning would be $127,000 per year Hy's marginal coat of capital is percent. Ignore taxes Required: a. What is Hy's Boise store's expected ROl for the coming year if it does not carry Ace's appliances? (Enter "RoI answer as a percentage rounded to 2 decimal 3782 % b. What is the store's expected ROi it the manager invests in Aces inventory and carrios the appliance 1,020 RO O Type here to search