Bonilla Inc The ROI for the Investment Opportunity Is Closest To:
A)

Multiple Choice

Bonilla Inc. has a $700,000 investment opportunity with the following characteristics: $\begin{array}{lc}\text { Sales } & \$ 2,240,000 \\\text { Contribution margin ratio } & 40 \% \text { of sales } \\\text { Fixed expenses } & \$ 739,200\end{array}$ The ROI for the investment opportunity is closest to:

A) 7.0%
B) 128.0%
C) 21.2%
D) 22.4%