The Foundational 15 [LO10-1, LO10-2) [The following information applies to the questions displayed below.) Westerville...
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The Foundational 15 [LO10-1, LO10-2) [The following information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,000,000 300,000 700,000 500,000 $ 200,000 $ 625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio $ 200,000 60 of sales $ 90,000 5 Fixed expenses The company's minimum required rate of return is 15% Foundational 10-9 9. If the company pursues the investment opportunity and otherwise performs the same as last year what Rol will it earn this year? not round intermediate calculations. Round your percentage answer to 1 decimal place (le. 0.1234 should be entered as 12.3)) ROI %
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