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The Foundational 15 (Algo) [LO10-1, LO10-2] [The following information applies to the questions displayed below] Westerville Company reported the following results from last year's operations:
The Foundational 15 (Algo) [LO10-1, LO10-2] [The following information applies to the questions displayed below] Westerville Company reported the following results from last year's operations: At the beginning of this year, the company has a $362,500 investment opportunity with the following cost and revenue characteristics: The company's minimum required rate of return is 10%. At the beginning of this year, the company has a $362,500 investment opportunity with the following cost and revenue characteristics: The company's minimum required rate of retum is 10%. Foundational 10.8 (Algo) 3. 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 decimol ploces.)
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