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Win Corporation had the following data for the month of October: profit of $3,000,000; invested capital of $45,000,000; cost of purchase of a new machine

Win Corporation had the following data for the month of October: profit of $3,000,000; invested capital of $45,000,000; cost of purchase of a new machine in the current year is $750,000, and an increase in divisional profits of $55,000 due to the purchase of the new machine. The return on investment of the new machine in the first year is _____________.

a.

1.2%

b.

6.68%

c.

7%

d.

7.33%

e.

None of the answers.

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