Westerville Company reported the following results from last year's operations valabile pe F They are company has a $175.000 mestment ordemudiyath the blowing cost and wenue characteristic ED M 500,000 Valley trabation F NE * DO asdase basis along Hedene alcun Sen San Juaned about considers me Origineellas RE Yasa. 3 === BY kterenetes Westerville Company reported the following results from last year's operations: Sales $ 1,400,000 Variable expenses 510,000 Contribution margin Fixed expenses 890,000 610,000 Net operating income $ 280,000 Average operating assets 875,000 This year, the company has a $175,000 investment opportunity with the following cost and revenue characteristics: Sales $ 280.000 Contribution margin ratio 50 9% of sales Fixed expenses $ 98.000 The company's minimum required rate of return is 15%. 11. What is last year's residual income