You skipped this question in the previous attempt Check my 5 16.66 Exercise 14-26 (Algo) ROI versus RI (LO 14-2,3) A division is considering the acquisition of a new asset that will cost $2,940,000 and have a cash flow of $720.000 per year for sch of the four years of its life. Depreciation is computed on a straight line basis with no salvage value ignore the Required: 1. & b. What is the ROI for each year of the asset's life of the division uses beginning of year asset balances and a book for the computation? What is the residual income each year if the cost of capitalis percent Enter "ROT"answers as a percentage rounded to decimal place le 32:1). Negative amounts should be indicated by a minus sign) Nadal 5 9M0,000 4 Nud ME