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Lance Inc. has a $1,477,500 investment opportunity with the following characteristics: Sales $ 2,500,000 Contribution margin ratio 50 % of sales Fixed expenses $ 757,500

Lance Inc. has a $1,477,500 investment opportunity with the following characteristics:

Sales

$

2,500,000

Contribution margin ratio

50

% of sales

Fixed expenses

$

757,500

The ROI for this year's investment opportunity considered alone is closest to:

A) 8.1%

B) 100.0%

C) 33.3%

D) 8.6%

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