what are the total invested assets for Propsal $1?$

A condensed income statement for the Motorboat Division of Ride of Your Life Inc. for the year ended December 31, 20Y2, is as follows: Sales Cost of goods sold Gross profit Operating expenses Operating income Invested assets (2,857,000) $ 883,000 (509,000) $ 374,000 Assume that the Motorboat Division received no charges from service departments. The president of Ride of Your Life has indicated that the division's rate of return on a $3,400,000 investment must be increased to at least 14% by the end of the next year if operations are to continue. The division manager is considering the following three proposals: Proposal 1: Transfer equipment with a book value of $680,000 to other divisions at no gain or loss and lease similar equipment. The annual lease payments would exceed the amount of depreciation expense on the old equipment by $122,400. This increase in expense would be included as part of the cost of goods sold. Sales would remain unchanged. Proposal 2: Purchase new and more efficient machining equipment and thereby reduce the cost of goods sold by $448,800. Sales would remain unchanged, and the old equipment, which has no remaining book value, would be scrapped at no gain or loss. The new equipment would increase invested assets by an additional $1,700,000 for the year.