1 7 Part 7 of 15 points Book References Required information The Foundational 15 (Algo) [LO10-1, LO10-2] (The following information applies to the questions displayed below) Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets i $2,200,000 660,000 1,540,000 1,100,000 $440,000 $1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio: Fixed expenses $440,000 60% of sales $220,000 The company's minimum required rate of return is 15% Foundational 10-7 (Algo) 7. If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Margin %