E10-8 Evaluating Managerial Performance Using Return on Investment, Residual Income [LO 10-4,10-5] Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 5.26 percent. Selected operating data for the three divisions follow Peak View Grand $ 329,000 $234,000 303,000 Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets 198,000 41,000 105,000 31,000 900,000 187,000 32,000 1,330,000 1,135,000 Required: 1. Compute the return on investment for each division. (Enter your ROl answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.)) Peak View Grand Return on Investment 0. 2. Compute the residual income for each division. (Loss amounts should be indicated by a minus sign. Round your answers to nearest whole dollar.) Peak View Grand Residual Income (Loss)