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Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,580,000 Net operating income $738,360 Average operating

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

Sales $17,580,000
Net operating income $738,360
Average operating assets $4,860,000

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

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