please explain with answer

Performance Evaluation Exercise The home appliances division, which is part of a large company, had last period an operating income of $20 million and operating assets of $200 million. The manager is considering the following projects (sums are in million \$): Required: The manager is able to invest in multiple projects (he does not need to choose only one project). Which project(s) will the manager invest in if top management evaluates him/her by: 1. Operating Income 2. ROI What's the optimal decision for the company if cost of capital is 15%