Perfect Products Provided the Following Selected Information About Its Consumer

Essay

Perfect Products provided the following selected information about its consumer products division for the current year: $\begin{array}{|l|lr|}\hline \text { Desired ROI } & & 14 \% \\\hline \text { Net income } & \$ & 220,000 \\\hline \text { Residual income } & \$ & 15,000 \\\hline\end{array}$ Required:
Based on this information,calculate the company's investment amount.Round your answer to the nearest dollar.