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If a division is evaluated on the basis of ROI. Currently, the division has a 20% ROI. The company's minimum required ROI is 15%. The

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If a division is evaluated on the basis of ROI. Currently, the division has a 20% ROI. The company's minimum required ROI is 15%. The division is considering the following projects: I. Project with a 14% ROI II. Project with a 17% ROI III. Project with a 22% ROI IV. Project with a positive residual income Which of the following project(s) would the division undertake? A. 11 and III B. III C. III and IV D. II, III and IV E. I, II, III and IV

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