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The Halpern Company is decentralized and has a required opportunity cost of capital of 20%. The West division, whose current return on investment (ROI) is

The Halpern Company is decentralized and has a required opportunity cost of capital of 20%. The West division, whose current return on investment (ROI) is 15%, is considering an investment which will earn a return of 18%. The East Division, who's current ROI is 25%, is considering an investment which will earn a return of 22%. If the objective is to maximize ROI, each division will make the following choice:

WestEast

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