Cullumber Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure will be used to evaluate profitability. Cullumber Corporation requires a 10% minimum return on investment. The following information is available for the year just ended. Divisional Operating Invested Capital Division Divisional Operating Assets Income Ashton $1,040,000 $128,960 $214,000 Drye 960,000 123,840 84,000 Poole 570,000 76,380 134,000 (a) Calculate return on investment. (Round ROI to 2 decimal places, e.g. 5.12%) Ashton Drye Poole Return on Investment % Which division performed the best? % % (b) Calculate residual income. (If the amount is negative then enter with a negative sign preceding the number, eg.-5,125 or parentheses, e.g. (5.125)) $ Ashton $ Drye $ Poole Residual Income Which division performed the best? (c) Assume that Cullumber Corporation's weighted-average cost of capital is 7% and its tax rate is 20%. Calculate economic value added. (If the amount is negative then enter with a negative sign preceding the number, eg -5,125 or parentheses, eg. (5,125).) Ashton $ Drye $ Poole Economic Value Added