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Required information The Foundational 15(Algo)[L010-1, L010-2] [The following information applies to the...

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Accounting

Required information
The Foundational 15(Algo)[L010-1, L010-2]
[The following information applies to the questions displayed below.]
Westerville Company reported the following results from last year's operations:
At the beginning of this year, the company has a $150,000 investment opportunity with the following cost and revenue
characteristics:
Sales
$240,000
Contribution margin ratio
50% of sales
Fixed expenses
$84,000
The company's minimum required rate of return is 15%.
Foundational 10-9(Algo)
If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Do
not round intermediate calculations. Round your percentage answer to 1 decimal place (i.e.,0.1234 should be entered as 12.3).)
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