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The Bishop Division of Kingley Corporation has a current ROI of 21 percent. The company target ROI is 13 percent. The Bishop Division has an

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The Bishop Division of Kingley Corporation has a current ROI of 21 percent. The company target ROI is 13 percent. The Bishop Division has an opportunity to invest $4.700.000 at 17 percent but is reluctant to do so because its ROI will fall to 19.47 percent. The present investment base for the division is $7.600.000. Required Calculate the current residual income and new residual income. if new Investment opportunity is adopted

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