Vu Company operates a manufacturing operation with multiple locations within Canada. Wu uses ROI as a performance measure in all its Investment Centers. Investment Center Managers receive bonuses based on their individual ROI's. All investments inflipkartarived operating assets at Wu Company are expected to earn a minimum return of 15% This 15% is the rate Wu uses for Residual Income calculations, Wu Company ROI for the current year was 16% The most recent income statement for the Sydney Investment Center is presented below. The Division's Average Operating Assets employed were $5,000,000. Sydney Investment Center Divisional Income Statement For the Year Ended June 30, 2022 Sales $10,000,000 Variable Costs 6,760,000 Contribution Margin 3,240,000 Fixed Selling Expenses: $ 1,050,000 Fixed Administrative Expenses $1,240,000 2,290,000 Net Operating Income 950,000 The Sydney Investment Center is currently considering an investment opportunity that proposes the following amounts: Sales $3,000,000 Operating Expenses $2, 660,000 Investment Required $2,000,000 Required: Calculate the ROI for the Sydney Investment Center for the year ended June 30, 2022 Calculate the ROI for the Investment Opportunity. If you were the manager of the Sydney Investment Center, would you accept the Investment Opportunity? Calculate the Residual income for the Sydney Investment Center for the year ending June 30, 2022. + If Residual Income was used as a performance measure, would the Windows manager of the Sydney Investment Center be more likely to accept the Investment opportunity? Explain. HI LE DIRE Windows