Exercise 14-45 (Algo) Compare Historical Cost, Net Book Value to Gross Book Value (LO 14-2, 5) The Street Division of Labrosse Logistics just started operations. It purchased depreciable assets costing $45.0 million and having a four-year expected life, after which the assets can be salvaged for $9.0 million. In addition, the division has $45.0 million in assets that are not depreciable. After four years, the division will have $45.0 million available from these non depreciable assets. This means that the division has invested $90 million in assets with a salvage value of $54.0 million. Annual operating cash flows are $13.8 million. In computing ROI, this division uses end-of-year asset values in the denominator. Depreciation is computed on a straight-line basis, recognizing the salvage values noted. Ignore taxes. Required: a. & b. Compute ROI, using net book value and gross book value for each year. Note: Enter your answers as a percentage rounded to 2 decimal places (i.e., 32.10). ROI Net Book Value Gross Book Value Year 1 % % Year 2 % % Year 3 % % Year 4 % %