Paula Boothe, president of the Blue Corporation, has mandated a minimum $8\%$ return on investment for any project undertaken by the

company. Given the company's decentralization, Paula leaves all investment decisions to the divisional managers as long as they

anticipate a minimum rate of return of at least $10\%.$ The Energy Drinks division, under the direction of manager Martin Koch, has

achieved a $17\%$ return on investment for the past three years. This year is not expected to be different from the past three. Koch has

just received a proposal to invest $$2,000,000$ in a new line of energy drinks that is expected to generate $$300,000$ in operating income.

$($a$)$

Calculate the return on investment expected on the new line of energy drinks. $($Round answer to $1$ decimal place, e$.$g$.5\mathrm{.}1\%.)$

Return on Investment