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It is the end of the third quarter, and Patricia is evaluating the performance of two key divisions in the coraparry. Both divisions had $48,000

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It is the end of the third quarter, and Patricia is evaluating the performance of two key divisions in the coraparry. Both divisions had $48,000 cash available for irvestrvent in the fourth quarter, so Patricia 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 compary's minimum required rate of return is 8%, while its weighted average cost of capital is 8%. Its effective tax rate is 25% How much would each division need to generate in new operating income in the fourth quarter to reach the company's desired ROl of 12% at year-end, assuming each division uses its available $48,000 to purchase a new irvestrnent? Assume it is a $48,000 nondepreciable asset but stall included in operating assets. (c) The parts of this question must be completed in crder. This part will be avallablewhen you complete the part above

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