Cabell 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 return on investment $($ROI$)$ is closest to:

Multiple Choice

$9\mathrm{.}4\%$

$36\mathrm{.}2\%$

$58\mathrm{.}8\%$

$26\mathrm{.}0\%$