Selected sales and operating data for three divisions of a multinational structural engineering firm are provided below. Division Asia Sales S18,000,000 Average operating assets 4,500,000 Net operating income 585,000 Minimum required rate of return 13% Europe $20,000,000 7.160.000 580.000 9 North America $31,000,000 12 400.000 1,116,000 15% 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.) 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 12% 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? Asia division Europe division North America division