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Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.76 percent. Selected operating data for the three divisions

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Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.76 percent. Selected operating data for the three divisions follow Peak View Grand Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets $330,000 228,000 301,000 186,000 32,000 920,000 1,055,000 212,000 45.000 117,000 34,000 1,230,000 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)

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