Cabal Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and average operating assets of $4,778,400. The company's minimum required rate of return is 15%.

The division's margin is closest to: (Round your answer to 1 decimal place.)

6.2%

28.2%

41.3%

22.0%