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Question 3 1 pts Justine is the manager of an investment center. Currently Justine has an ROI of 20%, which is well above the
Question 3 1 pts Justine is the manager of an investment center. Currently Justine has an ROI of 20%, which is well above the company's average of 15%. The company desires an ROI of new projects to be 12% to be acceptable. Justine's Operating Income is $100,000, and Sales are $1,000,000. One of Justine's managers has an idea that will generate sales of $100,000, a profit margin of 12%, and require an investment of assets of $70,000. What is the ROI of the new investment? (show 10.1% as .101, and round to the nearest .001)
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