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Westerville Company reported the following results from last year's operations: Sales $ 1, 500, 900 Variable expenses 730, 900 Contribution margin 770, 900 Fixed expenses

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Westerville Company reported the following results from last year's operations: Sales $ 1, 500, 900 Variable expenses 730, 900 Contribution margin 770, 900 Fixed expenses 470, 000 Net operating income $ 300, 900 Average operating assets $ 937, 500 At the beginning of this year, the company has a $362,500 investment opportunity with the following cost and revenue characteristics: Sales $ 580,900 Contribution margin ratio 70 % of sales Fixed expenses $ 319,000 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 .1234 should be entered as 12.3)) Margin %

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