Hardcastle Ltd. had sales of $3 000 000 and net operating income of $900 000. Operating assets during the year averaged $1 500 000. The manager of Hardcastle is considering the purchase of a new machine which is expected to increase average operating assets by 8 per cent.

If the new machine is purchased, the companys new return on investment (ROI) would be:

Group of answer choices

57.1 per cent

190.5 per cent

55.6 per cent

50.8 per cent