It is the end of the third quarter, and Kimberly is evaluating the performance of two key divisions in the company. Both divisions had

$$51,000$ cash available for investment in the fourth quarter, so Kimberly is now analyzing each division before a potential investment.

She has gathered the following condensed income statements and selected information from the balance sheet for each division. The

company's minimum required rate of return is $10\%,$ while its weighted average cost of capital is $9\%.$ Its effective tax rate is $25\%$

$($b$)$

Your answer is incorrect.

How much would each division need to generate in new operating income in the fourth quarter to reach the company's desired

ROI of $11\%$ at year$-$end, assuming each division uses its available $$51,000$ to purchase a new investment? Assume it is a $$51,000$

nondepreciable asset but still included in operating assets.