Question 4 8 pts Photo Products, Inc. has three divisions-Digital, Film, and Video. Segmented income statement information for the most recent fiscal year ended December 31 is shown as follows. Assume investment is measured in average operating assets and the average operating assets totaled $15,000 for the Digital division, $6,500 for the Film division, and $17,500 for the Video division. Assume the cost of capital rate is 16 percent. Photo Products, Inc. Segmented Income Statements For Year Ended December 31 Digital Film Video Sales $22,000 $8,000 $18,000 Variable Costs 10.000 2.000 7000 Contribution Margin $12.000 $6,000 $11,000 Fixed Costs 5.000 3.200 5.000 Contribution to Indirect $7,000 $2,800 $6,000 Costs Calculate the Residual income for each division. Which division is performing the best and why? BIAA. IEE 3 - 2 112pt X X Paragraph