Hy's is a nationwide hardware and furnishings chain. The manager of the Hy's Store in Boise is evaluated using ROI. Hy's headquarters requires an ROI of 8 percent of assets. For the coming year, the manager estimates revenues will be $4,690,000, cost of goods sold will be $2,954,700, and operating expenses for this level of sales will be $469,000. Investment in the store assets throughout the year is $3,450,000 before considering the following proposal. A representative of Ace Appliances approached the manager about carrying Ace's line of appliances. This line is expected to generate $1,490,000 in sales in the coming year at Hy's Boise store with a merchandise cost of $1,132,400. Annual operating expenses for this additional merchandise ine total $159,000. To carry the line of goods, an inventory investment of $1,020,000 throughout the year is required. Ace is willing to floor-plan the merchandise so that the Hy store will not have to invest in any inventory. The cost of floor planning would be $124,400 per year. Hy's marginal cost of capital is 8 percent. Ignore taxes. Required a. What is Hy's Boise store's expected ROl for the coming year if it does not carry Ace's appliances? (Enter "ROl" answer as a percentage rounded to 2 decimal places (i.e., 3216).) Regular Merchandise Operating profit Investment