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Sales Variable expenses 53, eoo Contribution margin 97, eoo Fixed expenses 670, eoo 300, eoo Net operating income Average operating 937, 500 assets At
Sales Variable expenses 53, eoo Contribution margin 97, eoo Fixed expenses 670, eoo 300, eoo Net operating income Average operating 937, 500 assets 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 Fixed expenses 70% of sales $187,000 The company's minimum required rate of return is 10%. 9_ If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Do : not round intermediate calculations. Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered es 12.3).)
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