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Required information

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

Sales

Variable expenses

Contribution margin

Fixed expenses

Net operating income

Average operating assets

At the beginning of this year, the company has a $$160,000$ investment opportunity with the following cost and revenue

characteristics:

Sales

Contribution margin ratio

Fixed expenses

$$240,000$

$70\%$ of sales

$$144,000$

The company's minimum required rate of return is $10\%.$

What is the ROI related to this year's investment opportunity? $($Do not round intermediate calculations.$)$