Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.01 percent. Selected operating data for the three divisions follow, $ $ Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets Peak 335,000 $ 212,000 43,000 1,320,000 View 228,000 103,000 35,000 970,000 Grand 316,000 189,000 40,000 1,115,000 Required: 1. Compute the return on investment for each division 2. Compute the residual income for each division