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The following information was presented by Gamma Manufacturing Company for an asset purchased the previous year. Original cost of the asset $ 21,000 Useful life

The following information was presented by Gamma Manufacturing Company for an asset purchased the previous year.

Original cost of the asset $ 21,000
Useful life of the asset 10 Years
Cash flow annual operating profit $ 4,750
Salvage value $ -0-

What is the return on investment (ROI) assuming Gamma (a) uses the straight-line method for depreciation and (b) beginning-of-year net book values to compute ROI? (Round your final ansewr to 2 decimal places.)

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