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Parsa Inc. reported the following results from last years operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 7,000,000 $14,000,000

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Parsa Inc. reported the following results from last years operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 7,000,000 $14,000,000 9,500,000o 4,500,000 3,800,000 s700,000 At the beginning of this year, the company has a $1,100,000 investment opportunity with the following characteristics $1,980,000 Sales Contribution margin ratio Fixed expenses 40% of sales 653,400 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined ROl fo closest to: Multiple Choice

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