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 5.51 percent. Selected operating data for the three divisions follow: Peak View Grand Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets $335,000 $221,000 $ 310,000 198,000 36,000 940,000 1,075,000 197,000 41,000 1,250,000 109,000 34,000 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 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)