A comp$$ny had $$6,980,000$ in net income for the year. Its net sales were $$15,000,000$ for the same period. Calculate its profit margin.

Multiple Choice

$93\mathrm{.}0\%.$

$114\mathrm{.}9\%.$

$23\mathrm{.}3\%.$

$214\mathrm{.}9\%.$

$46\mathrm{.}5\%.$