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 $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 $240,000 Sales Contribution margin ratio Fixed expenses 70% of sales $144,000 The company's minimum required rate of return is 10%. Foundational 11-7 (Algo) 7. If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? (Round your percentage answer to 1 decimal place (le 1234 should be entered as 12.3)) Margin 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 11-8 (Algo) 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.) Turnovo