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.$)$

$[$From Block: Foundations of Financial Management, $14$e $(0073530727)$: P$3-2]$