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Cabal Products is a division of a major corporation. Last year the division had total sales of $16,260,000, net operating income of $1,040,640, and average

Cabal Products is a division of a major corporation. Last year the division had total sales of $16,260,000, net operating income of $1,040,640, and average operating assets of $3,902,400. The company's minimum required rate of return is 12%. The division's return on investment (ROI) is closest to:

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