Westerville Company reported the following results from last year's operations: Sales 8 1, 500,090 Variable expenses 530,000 Contribution margin 970,900 Fixed expenses 670,900 Net operating income $ 300,080 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 $ 340, 000 Contribution margin ratio 70 % of sales Fixed expenses $ 187, 000 The company's minimum required rate of return is 10%. 12. What is the residual income of this year's investment opportunity? Residual income