Sales Variable expenses Contribution margin Fixed expenses $1,000,000 300,000 700,000 500,000 Net operating income Average operating assets $ 200,000 $625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 200,000 60% of sales $ 90,000 The company's minimum required rate of return is 15%. Foundational 10-8 (Static) 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.) Turnover