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Performance Company operates a division that sells high-performance sports cars (new car division), in addition to the performance parts division. car division), in addition to

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Performance Company operates a division that sells high-performance sports cars (new car division), in addition to the performance parts division. car division), in addition to the performance parts division. The following financial measures pertain to the aforementioned divisions for 2022 : Required 1- Calculate and demonstrate the rate of return on investment (ROI) for each division using operating income as the revenue measure and total assets as the investment metric. operating income as the revenue measure and total assets as the investment metric. 2- Calculate and demonstrate the residual income (RI) for each division using operating income as the revenue measure and total assets as the investment metric measure of income, and total assets, less current liabilities, as the investment metric. 3-Performance Company, whose tax rate is 40%, has used two sources of financing: 1) long-term debt 1) long-term debt with a market value of $18,000,000, and an interest rate of 10%, and 2) equity with a market value of $18,000,000, and an interest rate of 10%. 2) corporate equity with a market value of $12,000,000, at a rate of 15%. Using the average weighted-average cost of capital (WACC) rate, calculate the "EVA for each division. 4- Using computations 1 through 3 , discuss the operating performance of each division for 2022

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