Assume division $1$ of the XYZ Company had the following results last year $($in thousands$).$ Management's required rate of return is $8\%$ and the weighted average cost of capital is $6\%.$ Its effective tax rate is $30\%.$

$12/31/$xx $1/1/$xx

Sales $$5,000,000$

Operating income $$1,000,000$

Total Assets $$6,000,000$ $$4,000,000$

Current liabilities $$500,000$

What is the division's return on investment?

Group of answer choices

$16\mathrm{.}67\%$

$10\%$

$20\%$

$50\%$