Required Information The Foundational 15 (Algo) (LO11-1, LO11-2] 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 operating assets $1,500,000 650,000 850,000 580,000 $ 270,000 $1,000,000 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%. Foundational 11-13 (Algo) 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year? Residual income