BUJ & Associates has four divisions, each of which has a minimum required return on

investment of 15 percent. One of its divisions, K Division, had residual income of $4 million in

2014. This division had an investment base of $20 million and its asset turnover was two times.

To raise its residual income by $1 million, holding sales and investment constant, the K

Division would need to have what return on sales? _______%

show work