Wolley Inc. reported the following results from last year's operations:

Sales $$7,200,000$

Variable expenses $5,210,000$

Contribution margin $1,990,000$

Fixed expenses $1,486,000$

Net operating income $$504,000$

Average operating assets $$4,000,000$

At the beginning of this year, the company has a $$1,200,000$ investment opportunity with the

following characteristics:

Sales $$1,560,000$

Contribution margin ratio $30\%$ of sales

Fixed expenses $$343,200$

The company's minimum required rate of return is $14\%.$

Required:

$1.$ What was last year's margin? $($Round to the nearest $0\mathrm{.}1\%.)$

$2.$ What was last year's turnover? $($Round to the nearest $0\mathrm{.}01.)$

$3.$ What was last year's return on investment $($ROI$)?($Round to the nearest $0\mathrm{.}1\%.)$

$4.$ What is the ROI related to this year's investment opportunity? $($Round to the nearest $0\mathrm{.}1\%.)$

$5.$ If the company pursues the investment opportunity and otherwise performs the same as last

year, what will be the overall margin this year? $($Round to the nearest $0\mathrm{.}1\%.)$

$6.$ If the company pursues the investment opportunity and otherwise performs the same as last

year, what will be the overall turnover this year? $($Round to the nearest $0\mathrm{.}01.)$

$7.$ If the company pursues the investment opportunity and otherwise performs the same as last

year, what will be the overall ROI will this year? $($Round to the nearest $0\mathrm{.}1\%.)$

$8.$ If Westerville's chief executive officer earns a bonus only if the ROI for this year exceeds the

ROI for last year, would the CEO pursue the investment opportunity?

$9.$ If Westerville's chief executive officer earns a bonus only if the Residual income for this year

exceeds the Residual income for last year, would the CEO pursue the investment opportunity?