Within a large rental corporation where the commercial rental segment dominated, Gary managed the resi84MEST FERLIN SUB Gary enjoyed taking the underdog role, trying to generate more income and higher returns than corporate expected. The corporate minimum required return was 8%, while its WACC was 7%. He recently became aware of new rental properties in a prime location. He assumed he'd be able to secure two key rental properties in his target area. He considered where his division stood in terms of profitability and asset position at year-end, and created a projection for the next year as follows Current Year-End Projected Next Year Sales $640.000 $814,000 Gross margin 288,000 409,000 Operating Income 141,000 194.000 After-tax operating income 102,600 142.100 Operating assets 1,440,000 2.220,000 Total assets: 1.690,000 2,500,000 Current liabilities 201,000 270,000 Your answer is incorrect Calculate the ROI for Gary's residential division at the end of the current year and at the end of the following year, per his projections (where operating assets are considered investmentsl. Assume that Gary is evaluated on generating a positive trending ROI. (Round onswers to 2 decimal places, eg 15.25%) Current RO 7.32% Projected ROI 64 %