Westerville Company reported the following results from last years operations:

Sales	$ 1,400,000
Variable expenses	720,000
Contribution margin	680,000
Fixed expenses	470,000
Net operating income	$ 210,000
Average operating assets	$ 875,000

At the beginning of this year, the company has a $350,000 investment opportunity with the following cost and revenue characteristics:

Sales	$ 560,000
Contribution margin ratio	70	% of sales
Fixed expenses	$ 336,000

The companys minimum required rate of return is 15%.

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))