Required informatio [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,400,000 680,000 720,000 440,000 $280,000 Average operating assets $ 875,000 At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $480,000 80% of sales 336,000 The company's minimum required rate of return is 15%. 12. What is the residual income of this year's investment opportunity? Residual income