Required information The following information applies to the questions displayed below) Westerville Company reported the following results from last year's operations. sales $1,000,000 Variable expenses 300.000 Contribution margin 700,000 Fixed expenses 500.000 Net operating income $ 200,000 Average operating assets 5625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics Sales Contribution in ratio Fixed expenses $ 200.000 60 X of sales 590,000 The company's minimum required rate of return is 15% 3. What is last year's return on investment (RON? (Round your intermediate calculations to 1 decimal place.) ROL