A division is considering the acquisition of a new asset that will cost $2,950,000 and have a cash flow of $750,000 per year for each of the four years of its life. Depreciation is computed on a straight-line basis with no salvage value. Ignore taxes. Required: a. & b. What is the ROI for each year of the asset's life if the division uses beginning-of-year asset balances and net book value for the computation? What is the residual Income each year if the cost of capital is 8 percent? (Enter "ROI" answers as a percentage rounded to 1 decimal place (I.e., 32.1). Negative amounts should be Indicated by a minus sign.) Year ROI Residual Income 1 Investment Base S 2,950,000 2,212,500 1,475,000 737,500 2 | | 0.4% 0.6% 0.8% 4 1.7%