ROI, Residual Income The following selected data pertain to the Argent Division for last year: Sales $1,000,000 Variable costs $672,000 Traceable fixed costs $120,000 Average invested capital $1,300,000 Imputed interest rate 15 % Required:

1. How much is the residual income? $ fill in the blank 1

2. How much is the return on investment? Enter your answer as a percentage, rounded to two decimal places. For example, the decimal value .03827 would be entered as "3.83" percent. fill in the blank 2 %