18 Required information The Foundational 15 [LO11-1, LO11-2) The following information applies to the questions displayed below Westerville Company reported the following results from last year's operations: Part 13 of 15 0.8 points Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 1,300,000 440.000 860,000 600,000 $ 260,000 eBook Average operating assets 812,500 Print At the beginning of this year, the company has a $162,500 investment opportunity with the following cost and revenue characteristics: References $ 260,000 Contribution margin ratio Fixed expenses 80 of sales 182,000 The company's minimum required rate of return is 15%. Foundational 11-13 13 lf the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year? l income