Willing Incorporated reported the following results from last year's operations: At the beginning of this year, the company has a $1,200,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $2,400,000 40% of sales $744,000 The company's minimum required rate of return is 14%. Required: 1. What was last year's residual income? (4 marks) 2. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall residual income this year? (4 marks) 3. What was last year's ROI? (2 marks) 4. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall ROI this year? (2 marks) 5. If Westerville's CEO earns a bonus only if residual income for this year exceeds residual income for last year, would the CEO pursue the investment opportunity? Is the answer the same if the CEO is evaluated based on ROI? (4 marks)