Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets At the beginning of this year, the company has a $200,000 investment opportunity with the following cost and revenue characteristics: $1,750,000 520,000 1,230,000 880,000 $ 350,000 $ 875,000 Sales Contribution margin ratio Fixed expenses $ 320,000 $ 120,000 The company's minimum required rate of return is 20% Margin 60% of sales Foundational 10-7 (Algo) 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).)