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Cabal Products is a division of a major corporation. Last year the division had total sales of $11,440,000, net operating income of $686,400, and average

Cabal Products is a division of a major corporation. Last year the division had total sales of $11,440,000, net operating income of $686,400, and average operating assets of $2,402,400. The company's minimum required rate of return is 13%.

The division's return on investment (ROI) is closest to:

6.0%

28.6%

46.2%

21.0%

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