E10-9 (Algo) 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 6.26 percent. Selected operating data for the three divisions follow Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets Peak $ 342,000 211,000 View $ 222,000 107,000 Grand $302,000 189,000 40,000 1,360,000 32,000 920,000 34,000 1,065,000 Required: 1. Compute the return on investment for each division. 2. Compute the residual income for each division. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the return on investment for each division. Note: Enter your ROI answers as a percentage rounded to two decimal places, (ie, 0.1234 should be entered as 12.34 % . ) Return on investment Peak View Grand Required Required 2 >