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Ayng-Edan Company earned residual income of $36,282 during the year. The net profit was $157,036 during the year and the cost of capital was 11.1

Ayng-Edan Company earned residual income of $36,282 during the year. The net profit was $157,036 during the year and the cost of capital was 11.1 per cent. What was the return on investment for the year? (Present the final answer as a percentage, to 2 decimal places.)

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