Albany Division is considering the acquisition of a new asset that will cost $$540,000$ and have a cash flow of $$183,000$ per year for

each of the four years of Its life. Depreclation is computed on a straight$-$Ine basis with no salvage value. Ignore taxes.

Required:

a$.$ & b$.$ What is the ROI for each year of the asset's Iffe 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 $11\mathrm{.}0$ percent?

Note: Enter "ROI" answers as a percentage rounded to $1$ decimal place $(1.$e$.,321).$ Negative amounts should be indicated by a

minus sign.