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The chief operating officer of the Wisconsin Corporation is considering the effect of depreciation on company ROI. In the most recent year, net operating profit

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The chief operating officer of the Wisconsin Corporation is considering the effect of depreciation on company ROI. In the most recent year, net operating profit after taxes was $34, 100,000 and investment (total assets of $452,000,000 less noninterest-bearing current liabilities of $20, 300,000) was $431, 700,000. Assuming that total assets will decline each year by 5 percent due to depreciation of plant and equipment but NOPAT will remain constant, calculate ROI for each of the next five years. (Round answers to 2 decimal places, e.g. 15.25%.)

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