The Pioneer Corporation manufactures similar products in the United States and Norway. The U.S. and Norwegian operations are organized as decentralized divisions. The following information is available for 2017ROI is calculated as operating income divided by total assets: (Click the icon to view the information.) (Click the icon to view the exchange rate information.) Read the requirements. Requirement 1. a. Calculate the U.S. division's operating income for 2017 The U.S. Division's operating income for 2017 is $ . i Data Table i More Info U.S. Division Norwegian Division Both investments were made on December 31, 2016. The exchange rate at the time of Pioneer's investment in Norway on December 31, 2016, was 8 kroner = $1. During 2017, the Norwegian Kroner decreased steadily in value so that the exchange rate on December 31, 2017, is 9 kroner - $1. The average exchange rate during 2017 is [(8 + 9) 2] = 8.5 kroner = $1. Operating income Total assets ROI 7,140,000 kroner 70,000,000 kroner y in value so that i $ 31, 2017, is 9 krone 9,000,000 17.00% ale during 2017 is Print Done Print Done i Requirements 1. a. Calculate the U.S. division's operating income for 2017 b. Calculate the Norwegian division's ROI for 2017 in kroner. Top management wants to know which division eamed a better ROI in 2017. What would you tell them? Explain your answer. 3. Which division do you think had the better Rl performance? Explain your answer. The required rate of return on investment (calculated in U.S. dollars) is 14%