The Ste. Marie Division of Pacific Media Corporation just started operations. It purchased depreciable assets costing $46.0 million and having a four-year expected life, after which the assets can be salvaged for $9.2 million. In addition, the division has $46.0 million in assets that are not depreciable. After four years, the division will have $46.0 million available from these nondepreciable assets. This means that the division has invested $92.0 million in assets with a salvage value of $55.2 million. Annual depreciation is $9.2 million. Annual operating cash flows are $20.2 million. In computing ROI, this division uses end-of-year asset values in the denominator. Depreciation is computed on a straight-line basis, recognizing the salvage values noted. Ignore taxes. Required: a. & b. Compute ROI, using net book value and gross book value for each year. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 32.1).) X Answer is complete but not entirely correct. Year 1 Year 2 Net Book Value 12.0 X % 13.3 X % 14.9 X % ROI Gross Book Value 12.0% 12.0% 12.0% 12.0% Year 3 Year 4 17.1 X %