Database Systems is considering expansion into a new product line. Assets to support expansion will cost $$500,000.$ It is estimated that Database can generate $$1,200,000$ in annual sales, with a $6$ percent profit margin.

What would net income and return on assets $($investment$)$ be for the year? $($Round your return on assets to $1$ decimal place. Omit the $"$$$"$ and $"\%"$ signs in your response.$)$