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Required information [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: Sales $ 1, 800,

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Required information [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: Sales $ 1, 800, 000 Variable expenses 740, 000 Contribution margin 1, 060, 000 Fixed expenses 700, 000 Net operating income $ 360 , 000 Average operating assets $ 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 $ 600, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 288, 000 The company's minimum required rate of return is 10%. 9. If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) ROI

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