Question: Please show your work and only answer if you are absolutely confident in your answer. Please show how you got to the answer. Thanks! 3.
Please show your work and only answer if you are absolutely confident in your answer. Please show how you got to the answer. Thanks!

3. 2.50 points Luke Company has three divisions: Peak View, and Grand. The company has a hurdle rate of 6.76 percent. Selected operating data for the three divisions follow: Grand Salo 336,000 237,000 311.000 116,000 201.000 Cost of goods sold 98,000 Miscellaneous operating expenses 38.000 32.000 40,000 Average investod assots ,270.000 920,000 .065.000 Required 1. Compute the return on investment for each division. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.) 2. Compute the residual income for each division. (Loss amounts should be indicated by a minus sign. Round your answers to nearest whole dollar) Peak View Grand Redd Income (Losaay
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