M$10-10($Algo$)$ Impact of New Investment on ROI, Residual Income $[$LO $10-4,10-5]$

The Western Division of Claremont Company had net operating income of $$137,000$ and average invested assets of $$557,000.$ Claremont has a required rate of return of $13\mathrm{.}00$ percent. Western has an opportunity to increase operating income by $$36,000$ with a $$83,000$ investment in assets.

Compute Western Division's return on investment and residual income currently and if it undertakes the project.

Note: Enter your ROI answers as a percentage rounded to two decimal places, $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34\%).$ Round your Residual Income $($Loss$)$ answers to the nearest whole dollar.

$\backslash$table$[[,$Current,Proposed Project$],[$Return on Investment $($ROI$),,\%,],[$Residual Income $($Loss$),,,]]$