Paula Boothe, president of the Blue Corporation, has mandated a minimum 8% return on investment for any project undertaken by thecompany. Given the company's decentralization, Paula leaves all investment decisions to the divisional managers as long as theyanticipate a minimum rate of return of at least 10%. The Energy Drinks division, under the direction of manager Martin Koch, hasachieved a 17% return on investment for the past three years. This year is not expected to be different from the past three. Koch hasjust received a proposal to invest $2,000,000 in a new line of energy drinks that is expected to generate $300,000 in operating income.(a)Calculate the return on investment expected on the new line of energy drinks. (Round answer to 1 decimal place, e.g. 5.1%.)Return on Investment