Check my work Required information IThe following information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Part 13 of 15 Sales Variable expenses Contribution margin Fixed expenses Net operating income 1,500,000 530,000 970,000 670,000 300,000 0.66 points Average operating assets 937,500 eBook Print At the beginning of this year, the company has a $212,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses 340,000 70% of sales 187,000 The company's minimum required rate of return is 10%. 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year? Residual income