Selected sales and operating data for three divisions of a multinational structural engineering firm are provided below Division Asia Europe North America Sales $ 26,000,000 $28,000,000 $39,000,000 Average operating assets 6,500,000 10,040,000 15,600,000 Net operating income 910,000 820,000 1,872,000 Minimum required rate of return 14% 10 % 16% Required: 1. Compute the ROI for each division using the formula stated in terms of margin and turnover. (Do not round intermediate calculations and round your final answers to the nearest whole percent.) ROI 96 Asia division Europe division North America division % 2. Assume that each division is presented with an investment opportunity that would yield a 13% 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