1. ABC Corp. has the following information:

Sales: $10,500,000,

Fixed expenses: $2,134,400

Contribution margin ratio of 60% of sales.

New investment opportunity of $2,200,000

The ROI for this year's investment opportunity considered alone is closest to:

1. 16.3%
2. 8.9%
3. 2.3%
4. 1.89%