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Problem 12-14 Accounting measures of performance The following tables provide book information on the Nodhead project. Year 1 2 3 4 5 6 Book income

Problem 12-14 Accounting measures of performance

The following tables provide book information on the Nodhead project.

Year
1 2 3 4 5 6
Book income for store
1 66.10 33.90 83.90 131.90 131.90 131.90
2 73.37 37.63 93.13 146.41 146.41
3 81.44 41.77 103.37 162.51
4 90.40 46.36 114.74
5 100.34 51.46
6 111.38
Total book income 66.10 39.47 40.09 176.40 327.70 495.64
Book value for store
1 1,002.21 835.18 668.14 501.10 334.06 167.02
2 1,112.45 927.04 741.63 556.22 370.80
3 1,234.82 1,029.02 823.21 617.40
4 1,370.65 1,142.21 913.76
5 1,521.43 1,267.85
6 1,688.78
Total book value 1,002.21 1,947.63 2,830.00 3,642.40 4,377.13 5,025.61

Assume a steady-state growth rate of 11% per year. Calculate the book ROI. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 3 decimal places.)

Book ROI for Year 1 to 6?

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