Colt Division had the following results for the year just ended: Sales $707,500 Controllable margin $56,715 Contribution margin 283,000 Average operating assets 285,000 Colt is considering a new product line that would involve the following: Sales $141,500 Controllable margin $11,400 Contribution margin 56,715 Average operating assets 71,250 Colt's parent company, Wildhorse Inc. has a company-wide ROI of 14% and pays bonuses based on divisional ROI. Determine the effect on Colt's ROI if it introduces the new product line. Colt's ROI Would Colt's managers be encouraged to introduce the new product line? eTextbook and Media Save for Later Last saved 2 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above