Problem 13-38 Improving ROI (LO 3) The following data pertain to three divisions of Calrisian Enterprises. The company's required rate of return on invested capital is 8 percent. Division 1 $11,000,000 $ 2,140,000 Division 11 ? $430,000 Division III ? ? $ 2,560,000 ? ? Sales revenue Income Average investment Sales margin Capital turnover ROI Residual income ? ? ? ? 40% 3 ? ? 45% ? 30% $137,000 Required: 2. Suppose Division Il's sales margin increased to 45 percent, while its capital turnover remained constant. Compute the division's new ROI. New return on investment %