The company's current level of net operating assets is $90 million. There is no outstanding deb Operating expenses (other than software R&D costs) are expected to be 75 percent of sales. 1. Calculate Hidden Widgets' expected operating income and RNOA for the next 3 year under the assumption that software R&D costs are expensed immediately. 2. Calculate RNOA for the next 3 years under the assumption that software costs are capitalized and amortized straight line over the 3 years. 3. Assume that you are a manager for Hidden Code Co. and your compensation package calls for bonuses to be paid in 3 years. Identify the method of accounting for software R&D you would prefer if bonuses were based on D) ii) The level of income? A fixed multiple of profitability? Explain your answers to receive credit. The company's current level of net operating assets is $90 million. There is no outstanding deb Operating expenses (other than software R&D costs) are expected to be 75 percent of sales. 1. Calculate Hidden Widgets' expected operating income and RNOA for the next 3 year under the assumption that software R&D costs are expensed immediately. 2. Calculate RNOA for the next 3 years under the assumption that software costs are capitalized and amortized straight line over the 3 years. 3. Assume that you are a manager for Hidden Code Co. and your compensation package calls for bonuses to be paid in 3 years. Identify the method of accounting for software R&D you would prefer if bonuses were based on D) ii) The level of income? A fixed multiple of profitability? Explain your answers to receive credit