Exercise $14-45($Algo$)$ Compare Historical Cost, Net Book Value to Gross Book Value $($LO $14-2,5)$

The Street Division of Labrosse Logistics just started operations. It purchased depreclable assets costing $$39\mathrm{.}5$ million and having a four$-$year expected life, after which the assets can be salvaged for $$7\mathrm{.}9$ million. In addition, the division has $$39\mathrm{.}5$ million in assets that are not depreciable. After four years, the division will have $$39\mathrm{.}5$ million avallable from these non depreclable assets. This means that the division has invested $$79$ million in assets with a salvage value of $$47\mathrm{.}4$ million. Annual operating cash flows are $$12\mathrm{.}7$ 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.

Note: Enter your answers as a percentage rounded to $2$ decimal places $($i$.$e$.,32\mathrm{.}10).$

$\backslash$table$[[,$ROI$],[,$Net Book Value,Gross Book Value,,$],[$Year $1,,\%,,],[$Year $2,,\%,,],[$Year $3,,\%,,],[$Year $4,,,,\%$