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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 18,270,000 Net operating income $ 1,077,930

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

Sales $ 18,270,000
Net operating income $ 1,077,930
Average operating assets $ 4,440,000

The division's margin is closest to:

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