Robichau Incorporated Reported the Following Results from Last Year's Operations

Robichau Incorporated reported the following results from last year's operations: At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics:
The company's minimum required rate of return is 20%.If the company pursues the investment opportunity and otherwise performs the same as last year, the combined return on investment for the entire company will be closest to:

A) 3.9%
B) 24.0%
C) 14.5%
D) 18.5%

Correct Answer:

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