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The Philco Pharmaceuticals Division recorded data as follows for the past year. The management of Philco Pharmaceuticals has leamed of an investment opportunity that will

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The Philco Pharmaceuticals Division recorded data as follows for the past year. The management of Philco Pharmaceuticals has leamed of an investment opportunity that will increase 5ales by $550,000 and operating income by $56,000. An investment of $350,000 is needed. ROr=AverageOperatingAssetsOperatingIncome RI=OperatingIncome-MinimumrequiredROR*AverageOperatingAssets Required - Calculate the ROI for this opportunity and indicate whether it will be accepted or rejected if management is evaluated using ROI. Explain your

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