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Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 7.01 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 7.01 percent. Selected operating data for the three divisions follow: Sales revenue Cost of goods sold Miscellaneous operating expenses Average invested assets Peak $ 338,000 $ 204,000 39,000 1,260,000 View Grand 231,000 $ 307,000 105,000 184,000 36,000 37,000 910,000 1,025,000 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. (Enter your ROI 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 % % % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the residual income for each division. (Loss amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to nearest whole dollar.) Peak View Grand Residual Income (Loss)

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