Question 12 4 pts Andy Automotive Parts (MAP) is a division of OLD Automotive. AAP produces one product, a specialised mechanical car jack, which is sold to all Canadian Automobile Associations in Ontario The jack is sold for $320 each and sales for the past year were 10,000 jacks. The variable costs to manufacture Itare $240 per unit. The fixed costs associated with operating the plant are $500,000 The plant has the capacity to make a total of 18,000 jacks per year and the net operating assets related to this division amount to $2,400,000, OLD Automotive has a minimum required rate of return of 13% on any investments Required: Part 1 ) Calculate the current Return on investment for the company? **Round your percentage answers to 1 decimal place, Omit the % sign in your response. Le If the answer of ROI IS 4 321%, enter 4.3. X Part 1 b) Calculate the current Residual income for the company? **Omit commu and S siprs in your response. If the answer is nogative, it should be indicated by a minus sienos -43215." Refer to the next question for additional requirements, part 2. Uslog the Information about Andy Automotive Parts (AAP) division and OLD Automotive in the prior question answer the following Part 2 Another company NEW Automotive has recently announced les intention to acquire the Apple Automotive Parts (MAP) division mentioned in Part 1 NEW Automotive hus stated that they expect al divisions within the corporation to have a 24% return on all investments. What is the required revenue in units sold that the Apple Automotive Parts WAP) division must make to satisfy the new ownery desired rate of return of 24X7