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

Essay

Criner Incorporated reported the following results from last year's operations:
At the beginning of this year, the company has a $1,800,000 investment opportunity with the following characteristics:
Required:
1.What was last year's return on investment (ROI)? (Round to the nearest 0.1%.)
2. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall return on investment will this year? (Round to the nearest 0.1%.)