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Mycrux Company had the following information: Asset base in Mycrux Company $987,500 Net income in Mycrux Company $105,700 Weighted average cost of capital 12% Target

Mycrux Company had the following information:

Asset base in Mycrux Company $987,500
Net income in Mycrux Company $105,700
Weighted average cost of capital 12%
Target return on investment (ROI) 15%
Margin for Mycrux Company 20%

What is the return on investment of Mycrux Company? (Round the answer to two decimal places.)

a.9.34%

b.15.00%

c.10.70%

d.20.00%

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