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161) Haney Fabrication is a division of a major corporation. Last year the division had total net operating income of $1,897,280, and average operating assets

161) Haney Fabrication is a division of a major corporation. Last year the division had total net operating income of $1,897,280, and average operating assets of $7,000,000. The company's minimum required rate of return is 16%.

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What is the division's return on investment (ROI)? PLEASE SHOW WORK

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