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)?

58.00%

24.17%

17.00%

40.80%