Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution sargin Fixed expenses Net operating income 1,500,000 530,000 970,000 670,000 $ 300,000 Average operating assets 937,500 At the beginning of this year, the company has a $212.500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses 340,000 70% of sales s187,000 The company's minimum required rate of return is 10%. 7 If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)