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Exercise 14-28 Impact of an Asset Disposal on Performance Measures (LO 14-2, 3) Noonan Division has total assets (net of accumulated depreciation) of 300,000 at the beginning of year 1. One of the assets is a machine that has a net book value of $310,000. Expected divisional income in year 1 is $340,000 including $25,000 in income generated by the machine (after depreciation). Noonan's cost of capital is 7 percent. Noonan is considering disposing of the asset today (the beginning of year 1)