M10-10 (Algo) Impact of New Investment on ROI, Residual Income (LO 10-4, 10-5) The Western Division of Claremont Company had net operating income of $137,000 and average invested assets of $563,000. Claremont hos a required rate of return of 13.50 percent. Western has an opportunity to increase operating income by $40,000 with a $95,000 increase in average invested assets. Compute Western Division's return on investment and residual income currently and Wit undertakes the project. (Enter your ROI answers as a percentage rounded to two decimal places, (le, 0.1234 should be entered as 12.34%). Round your Residual Income (Loss) answers to the nearest whole dollar) Answer is complete but not entirely correct. Current Return on Investment (RON) Residual income (Loss) 24.33% $ 60,995 Proposed Project 26,89 % $ (870.600)