The following information was presented by Delta Manufacturing Company for an asset purchased the previous year.
|
Original cost of the asset
|
$
|
35,000
|
|
|
Useful life of the asset
|
|
10
|
Years
|
|
Annual operating profit, including depreciation
|
$
|
8,200
|
|
|
Salvage value
|
$
|
-0-
|
|
What is the return on investment (ROI) assuming Delta (a) uses the straight-line method for depreciation and (b) beginning-of-year net book values to compute ROI? (Round your final answer to 2 decimal places.)