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Database Systems is considering expansion into a new product line. Assets to support expansion will cost $350,000. It is estimated that Database can generate $1,950,000

Database Systems is considering expansion into a new product line. Assets to support expansion will cost $350,000. It is estimated that Database can generate $1,950,000 in annual sales, with an 4 percent profit margin.

What would net income and return on assets (investment) be for the year? (Input your return on assets answer as a percent rounded to 2 decimal places.)

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