Salsco Balance Sheet Current Assets $ 500,000 Liabilites $ 1,000,000 Net Fixed Assets $ 1,500,000 Owners equity $ 1,000,000 Total $ 2,000,000 Total $ 2,000,000 Salco's Income Statement Sales $ 4,500,000 Cost of goods sold $ (3,500,000) Gross profit $ 1,000,000 Less operating expenses $ (500,000) Operating income $ 500,000 Less interest expense $ (100,000) Earnings before taxes $ 400,000 Less taxes (50%) $ (200,000) Net income $ 200,000 The company plans to renovate which requires added investment in plant and equipment of 1,000,000. They will maintain its present debt ratio of .5 sales will remain constant. Operating profit margin will rise to 13%. What is the new operating return on assets after the renovations? Show all calculations