Selected sales and operating data for three divisions of a multinational structural engineering firm are provided below: Sales Average operating assets Net operating income Minimum required rate of return Division Asia Europe North America $ 19,000,000 $ 21,800,000 $ 32,000,000 4,750,000 7,520,000 12,800,000 712,500 610,000 1, 152,000 15% 11% 174 Required: 1. Compute the ROI for each division using the formula stated in terms of margin and turnover. (Do not round intermedia calculations and round your final answers to the nearest whole percent.) ROI % Asia division Europe division North America division % 2. Compute the RI for each division. Asia division Europe division North America division 3. Assume that each division is presented with an investment opportunity that would yield a 14% rate of return. a. If performance is being measured by ROI, which division(s) will probably accept the opportunity? Reject the opportunity? ROI Asia division Europe division North America division b. If performance is being measured by RI, which division(s) will probably accept the opportunity? Reject the opportunity? RI Asia division Europe division North America division