QUESTION 3 The Cooper Corporation had net operating income of $480,000 and average operating assets of $2,500,000. The corporation requires a return on investment of 18%. Required: Show your work 10 points a. Calculate the company's return on investment (ROI) and residual income (RI). (Round your answer to 2 decimal places.) b. Clipper Corporation is considering an investment of $76,000 in a project that will generate annual net operating income of $13,950. Would it be in the best interests of the company to make this investment? Round your answer to 2 decimal places.)