DIV CO. has a current return on investment of 11% and the company has established an 12% minimum rate of return for the division. The division manager has two investment projects available, for which the following estimates have been made: (Project A - Annual controllable margin (Net Operating Income) = $80,000, operating assets = $620,000) (Project B - Annual controllable margin (Net Operating Income) = $32,000, operating assets = $800,000). Which project should be funded?
Select one:
a. Neither project
b. Project B
c. Project A
d. Both projects