The Campus Division of All-States Bank has assets of $1,600 million. During the past year, the division had profits of $300 million. All-States Bank has a cost of capital of 9 percent. Ignore taxes.

Required: a. Compute the divisional ROI for the Campus Division. (Enter your answer as a percentage rounded to 1 decimal place (i.e., 32.1).)

Divisional ROI

%

b. Compute the divisional RI for the Campus Division. (Enter your answer in dollars, not in millions.)

Divisional ROI