(TCO 9) Norway Co.s industrial photo-finishing division, Pi, incurred the following costs and expenses in 2013. Variable Fixed Direct materials $200,000 Direct labor 150,000 Factory overhead 70,000 $42,000 Selling, general, and administrative 30,000 48,000 Totals $450,000 $90,000 During 2013, Pi produced 300,000 units of industrial photoprints, which were sold for $2.00 each. Norways investment in Pi was $500,000 and $700,000 at January 1, 2013 and December 31, 2013, respectively. Norway normally imputes interest on investment at 15% of average invested capital. For the year ended December 31, 2013, Pis return on average investment was