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Westerville Company reported the following results from last year$$s operations:

Sales $ $1,200,000$

Variable expenses $320,000$

Contribution margin $880,000$

Fixed expenses $640,000$

Net operating income $ $228,000$

Average operating assets $ $600,000$

This year, the company has a $$150,000$ investment opportunity with the following cost and revenue characteristics:

Sales $ $240,000$

Contribution margin ratio $50\%$ of sales

Fixed expenses $ $84,000$

The company$$s minimum required rate of return is $15\%.$

$7.$ If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? $($Round your percentage answer to $1$ decimal place $($i$.$e $\mathrm{.}1234$ should be entered as $12\mathrm{.}3))$