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Required information Skip to question [ The following information applies to the questions displayed below. ] Westerville Company reported the following results from last year

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[The following information applies to the questions displayed below.]
Westerville Company reported the following results from last years operations:
Sales $ 2,000,000
Variable expenses 640,000
Contribution margin 1,360,000
Fixed expenses 860,000
Net operating income $ 500,000
Average operating assets $ 1,250,000
At the beginning of this year, the company has a $250,000 investment opportunity with the following cost and revenue characteristics:
Sales $ 400,000
Contribution margin ratio 70% of sales
Fixed expenses $ 220,000
The companys minimum required rate of return is 10%.
8. If the company pursues the investment opportunity and otherwise performs the same as last year, what turnover will it earn this year?
Note: Round your answer to 2 decimal places.

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