help with part b please

Calculate the residual income (RI) of this investment, assuming the comparry's minimum required return is 6%. Residual income John manages the event-planning segment of a large rental business. As such, there are many costs to consider when setting rental prices for his items. He recognizes there is demand for a very large tent, which the business currently doesn't have. The tent would cost $9.500 and should last five years if handled properly. He estimates net rental revenue to be approximately $5.400 per year, with additional set-up costs of $2.835 per year. Before making this purchase, he runs analyses to ensure the purchase is viable for his segment and the company overall. (a) Your answer is correct. Calculate the ROI of this investment, recognizing straight-line depreciation will apply to this new asset