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Westerville Company reported the following results from last years operations:
Sales $
Variable expenses
Contribution margin
Fixed expenses
Net operating income $
Average operating assets $
At the beginning of this year, the company has a $ investment opportunity with the following cost and revenue characteristics:
Sales $
Contribution margin ratio of sales
Fixed expenses $
The companys minimum required rate of return is
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If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year?
Note: Round your percentage answer to decimal place ie should be considered as
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