A division is considering the acquisition of a new asset that will cost $2.930,000 and have a cash flow of $710.000 per year for each of the four years of its life. Depreciation is computed on a straight-line basis with no salvage value. Ignore taxes. Required: 4. & b. What is the ROI for each year of the asset's life if the division uses beginning-of-year asset balances and net book value for the computation? What is the residual income each year if the cost of capital is 8 percent? (Enter "ROI" answers as a percentage rounded to 1 decimal place (I.e., 32.1). Negative amounts should be Indicated by a minus slgn.) Year ROI Investment Base S 2.930,000 Residual Income 1 2 96 3 96 4