Condren Inc. reported the following results from last years operations:

Sales	$	12,000,000
Variable expenses		7,680,000
Contribution margin		4,320,000
Fixed expenses		3,720,000
Net operating income	$	600,000
Average operating assets	$	6,000,000

At the beginning of this year, the company has a $1,000,000 investment opportunity with the following characteristics:

Sales	$	1,100,000
Contribution margin ratio		40	% of sales
Fixed expenses	$	363,000

If the company pursues the investment opportunity and otherwise performs the same as last year, the combined ROI for the entire company will be closest to:

1.1%

8.6%

9.7%

11.3%