The following information applies to the questions displayed below) Westerville Company reported the following results...
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The following information applies to the questions displayed below) Westerville Company reported the following results from last year's operations Sales $1,750,000 Variable expenses 520,000 Contribution margin 1,230,000 Fixed expenses 880,000 Net operating income $ 350,000 Average operating assets $ 875,000 At the beginning of this year, the company has a $200,000 Investment opportunity with the following cost and revenue characteristics Sales $ 320,000 Contribution margin ratio GB of sales Fixed expenses $ 128,000 The company's minimum required rate of return is 20% Foundational 10-9 (Algo) 9. If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it eam this year? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place ... 0.1234 should be entered as 12.3)) Answer is complete but not entirely correct. ROP 505
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