Cabal Products is a division of a major corporation. Last year the division had total sales of $13,420,000, net operating Income of $1,261,480, and average operating assets of $2,684,000. The company's minimum required rate of return is 15%. The division's margin is closest to: (Round your answer to 1 decimal place.) 62.7% 9.4% 47.0% 20.0%