! Required Information [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 Average perating assets $ 1,800,000 740,000 1,060,000 700,000 $ 360,000 $ 1,200,000 At the beginning of this year, the company has a $400,000 Investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 600,000 60% of sales $ 288,000 The company's minimum required rate of return is 10%. 12. What is the residual income of this year's Investment opportunity? Residual income