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The Following Data Are Available for a Manufacturing Business Started

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The following data are available for a manufacturing business started as a new company five years ago when the construction cost index was 115:
The following data are available for a manufacturing business started as a new company five years ago when the construction cost index was 115:     * =  of long-term assets at historical cost  Required: Calculate the return on investment and the residual income for year five based on current cost.The company's required rate of return is 12%.
* = "of long-term assets at historical cost"
Required:
Calculate the return on investment and the residual income for year five based on current cost.The company's required rate of return is 12%.


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