Arco Company has two divisions - Mixers and Food Processors. Arco Company Segmented Income Statements For the Current Fiscal Year Ended December 31 Mixer Food Processor Division Division Sales $2,500,000 $1,350,000 Cost of goods sold 1.050,000 665,000 Gross margin 1,450,000 685,000 Allocated overhead 235,000 185.000 Selling and administrative expenses 195,000 90,000 Operating income 1,020,000 410,000 Income tax expense (45%) 459,000 184,500 Net income $ 561.000 $ 225,500 Assume the Mixer Division has average operating assets totaling $6,000,000 for the year. What is the division's return on investment (to the nearest hundredth of a percent)? 17.00% 24.17% 58.00% 40.80%