Parts 5 to 8 using the following additional information. The Guitar Division has prepared its budget for 2021 and it anticipates that its financial results in 2021 will be identical to what it experienced in 2020 (i.e. Sales of $2,052,000, Operating income of $160,056, etc.). After the budget was completed however, an employee brought forward a proposal for an additional project with these projected amounts: Sales Operating income Average operating assets $ 1,026,000 $ 106,704 $ 190,000 Part 5: Assuming the Guitar Division accepted the new project, what would be the Guitar Division's total ROI for 2021? A) 38.08% B) 23.08% C) 18.08% D) 13.08% E) 32.45% F) 3.08% G) 28.08% Part 6: If the Music Company uses ROI as a performance measure when evaluating managers, would you expect the Guitar Division to accept the additional project? A) Yes B) No Part 7: Assuming the Guitar Division accepted the new project, what would be the residual income for the Guitar Division in 2021? The minimum required rate of return on projects is still 15.80%. A) B) C) $92,660.00 ($104,660.00) ($112,660.00) D) $116,660.00 E) $108,660.00 F) $96,660.00 G) $88,660.00 Part 8: If the Music Company uses Residual Income as a performance measure when evaluating managers, would you expect the Guitar Division to accept the additional project? A) Yes B) No