Data table

Total annual fixed costs $$30,000,000$

Variable cost per AccuDriver $$400$

Number of AccuDrivers sold each year $145,000$

Average operating assets invested in the division $$48,000,000$

The Quality AthleticsQuality$$Athletics Company produces a wide variety of sports equipment. Its newest$$ division, Golf$$ Technology, manufactures and sells a single productlong dash$$AccuDriver$,$ a golf club that uses global positioning satellite technology to improve the accuracy of$$ golfers' shots. The demand for AccuDriver is relatively insensitive to price changes. The following data are available for Golf$$ Technology, which is an investment center for

Compute Golf$$ Technology's ROI if the selling price of AccuDrivers is $$640$ per club.

Determine the formula used to calculate$$ ROI, then calculate the ROI for Golf Technology. $($Enter the ROI as a$$ percentage, rounded to the nearest hundredth$$ percent, X$.$XX$\%.)$

ROI $=$ Operating income $$4,800,000/$ Investment $$48,000,000=10\%$

Part $2$ Requirement $2.$ If management requires an ROI of at least $25\%$ from the$$ division, what is the minimum selling price that the Golf Technology Division should charge per AccuDriver$$ club?

Select the formula that would be used in your calculation to determine the minimum selling price.

$[$Units sold x$($Selling price per unit $-$Variable cost per unit$)-$ Fixed costs $=$ROI x Investment With$[$Units$$sold$($Selling$$price$$per$$unit$$Variable$$cost$$per$$unit$]$

The minimum selling price that Golf Technology Division should charge per AccuDriver club $($if management requires an ROI of at least $25\%)$ is $$689\mathrm{.}66.$

Requirement $3.$ Assume that Quality AthleticsQuality$$Athletics judges the performance of its investment centers on the basis of RI rather than ROI. What is the minimum selling price that Golf Technology should charge per AccuDriver if the$$ company's required rate of return is $22\%?($Round your answer to the nearest$$ cent.$)$

The minimum selling price that Golf Technology Division per AccuDriver $($if the company's required rate of return is $22\%)$ is$\_\_\_\_$