Flamengo Co is a sporting goods manufacturing company. Last year, report the following information: Sales Cost of goods sold $700,000 $130,000 Selling and administrative expense $260,000 At the beginning of the year, the value of operating assets was $800,000. At the end of the year, the value of operating assets was $1,200,000. Flamengo Co. requires a minimum rate of return of 15%. Calculate the Return on Investment. Round all numbers to two decimal places. Do not answer as a percentage. For example, if the ROI is 17.63%, you should type 0.18.