TB MC Qu. 11-103 (Static) Parsa Incorporated reported the... Parsa incorporated reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 14,000,000 9,500,000 4,500,000 3,800,000 $ 700,000 $ 7,000,000 At the beginning of this year, the company has a $1,100,000 investment opportunit with the following characteristics: Sales Contribution margin ratio Fixed expenses $ 1,980,000 40% of sales $ 653,400 The ROI for this year's investment opportunity considered alone is closest to: Multiple Choice 12.6% 70% 72.0% O 2123