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ABC Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 17,570,000 Net operating income $ 860,930

ABC Industries is a division of a major corporation. Data concerning the most recent year appears below:

Sales $ 17,570,000
Net operating income $ 860,930
Average operating assets $ 4,950,000

The division's return on investment (ROI) is closest to:

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