Wryski Corporation had net operating income of $150000 andaverage operating asse

Wryski Corporation had net operating income of $150000 andaverage operating assets of $500000. The company requires a returnon investment of 19%.Required:i. Calculate the companys current return on investment andresidual income.ii. The company is investigating an investment of $400000 inproject that will generate annual net operating income of $78000.What is the return on investment of the project? What is theresidual income of the project? Should the company invest in thisproject?