Cabal Products is a division of a major corporation. Last year the division had total sales of $12,270,000, net operating income of $834,360, and average operating assets of $3,190,200. The company's minimum required rate of return is 12%.

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

6.8%

26.2%

56.7%

26.0%