Financial data for Joel de Paris, Inc., for last year follow. Assets Cash Accounts receivable Inventory Plant and equipment, net Joel de Paris, Inc. Balance Sheet Beginning Balance Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 136,000 $ 130,000 334,000 475,000 562,000 473,000 888,000 882,000 408,000 427,000 254,000 248,000 $2,582,000 $2,635,000 $ 376,000 1,031,000 1,175,000 $2,582,000 $ 347,000 1,031,000 1,257,000 $2,635,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income $5,238,000 4,347,540 890,460 Interest and taxes: $118,000 Tax expense 202,000 Interest expense Net income 320,000 $570,460 The company paid dividends of $488,460 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%. Required: