Check my work Required information [The following information applies to the questions displayed below Westerville Company reported the following results from last year's operations: rt 12 of 15 Sales Variable expenses Contribution margin Fixed expenses Net operating income 1,500,000 530,000 970,000 670,000 $300,000 S6 nts Average operating assets 937,500 eBook Print eferences At the beginning of this year, the company has a $212,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Pixed expenses 340,000 70% of sales 187,000 The company's minimum required rate of return is 10%. 12. What is the residual income of this year's investment opportunity? Residual income