Here is some data on the turnover and operating activities of the three divisions of a multinational construction company. Asia Europe North America Sales 12 000 000 $ 14 000 000 $ 25 000 000 $ 3 000 000 $ 7 000 000 $ 5 000 000 $ Average operating assets Net profit 500 000 $ 650 000 $ 800 000 $ Required cost of capital or minimum required rate of return 14 % 10 % 16% 1. Suppose each division receives an investment opportunity that generates a return or rate of return of 15%. a) If the performance of the divisions is measured using the RNR, which of them is likely to accept this offer? Which or which will reject it? Why? b) If the performance of the divisions is measured using ROI, where will they be sure to accept this offer? Which or which will reject it? Why