Valley Inc. has three divisions, Almond, Grover and Oak. Following is the income statement for the previous year. 11 Sales Variable Costs Contribution Margin Fixed Costs Profit Margin Almond $ 482, eee 176, 306, eee 257, eee 49,000 Grover Oak $ 273, see $ 229, eee 124, 200 1e8,eee 149, 300 129, eee 166,250 109,750 $ (16,950) $ 19, 250 Total $984, See 400,200 584, 3ee 533,000 $ 51,300 of the fixed costs, $306,000 is for corporate costs and is allocated equally to the three divisions. a. How much does Grover Division have in direct fixed costs? Fixed Costs b. What is Grover Division's segment margin? Segment Margin c. What would Valley's profit margin be if Grover Division were dropped