Cabal Products is a division of a major corporation. Last year the division had total sales of $24,240,000, net operating income of $2,278,560, and average operating assets of $6,302,400. The company's minimum required rate of return is 16%. The division's margin is closest to: (Round your answer to 1 decimal place.) 9.4% 58.8% 36.2% 26.0%