The Pioneer Corporation manufactures similar products in Canada and Norway. The Canadian and Norwegian operations are organized as decentralized divisions. The following information is available for 2023, ROI is calculated as operating income divided by total assets: (Click the icon to view the information.) Both investments were made on December 31, 2022. The exchange rate at the time of Pioneer's investment in Norway on December 31, 2022, was 9 kroner $1. During 2023, the Norwegian krone decreased steadily in value so that the exchange rate on December 31, 2023, is 10 kroner $1. The average exchange rate during 2023 is [(9+10)-21-9.5 kroner $1. Required Data table Canadian Division Norwegian Division Operating income ? 8.395,000 kroner Total assets $ 8,300,000 76,500,000 kroner 14% 1. a. Calculate the Canadian division's operating income for 2023 b. Calculate the Norwegian division's ROI for 2023 in kroner. 2. Top management wants to know which division earned a better ROI in 2023. What would you tell them? Explain your answer 3. Which division do you think had the better Ri performance? Explain your answer. The required rate of return on investment (calculated in Canadian dollars) is 13% RO - X