Required information [The following information applies to the questions displayed below] Westerville Company reported the following results from last year's operations: Sales 5 1,400,000 Variable expenses 680,000 Contribution margin 720 , 00 0 Fixed expenses 440,000 Net operating income $ 280,000 Average operating assets $ 875,000 At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales $ 480,000 Contribution margin ratio 80 % of sales Fixed expenses $ 336,000 The company's minimum required rate of return is 15%. 8. If the company pursues the investment opportunity and otherwise performs the same as last year. what turnover will it earn this year? (Round your answer to 2 decimal places.)