Required information [The following information applies to the questions displayed below] Westerville Company reported the following...

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Required information [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 $ 1,900,000 550,000 1,350,000 875,000 $475,000 $ 1,187,500 At the beginning of this year, the company has a $237,500 Investment opportunity with the following cost and revenue characteristics Sales Contribution margin ratio Fixed expenses $380,000 50 % of sales $ 133,000 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? Answer is complete but not entirely correct. Residual income 61.750 O Required information [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 $ 1,900,000 550,000 1,350,000 875,000 $475,000 $ 1,187,500 At the beginning of this year, the company has a $237,500 Investment opportunity with the following cost and revenue characteristics Sales Contribution margin ratio Fixed expenses $380,000 50 % of sales $ 133,000 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? Answer is complete but not entirely correct. Residual income 61.750 O