Mycrux Company Had the Following Information What Is the Return on Investment of Mycrux Company? (Round

Mycrux Company had the following information: $\begin{array}{lr}\text { Asset base in Mycrux Company } & \$ 987,500 \\\text { Net income in Mycrux Company } & \$ 105,700 \\\text { Weighted average cost of capital } & 12 \% \\\text { Target retum on investment (ROI) } & 15 \% \\\text { Margin for Mycrux Company } & 20 \%\end{array}$ What is the return on investment of Mycrux Company? (Round the answer to two decimal places.)

A) 10.70%
B) 15.00%
C) 20.00%
D) 9.34%

Correct Answer:

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