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Cabell Products is a division of a major corporation. Last year the division had total sales of $27,220,000, net operating income of $2,874,320, and average

Cabell Products is a division of a major corporation. Last year the division had total sales of $27,220,000, net operating income of $2,874,320, and average operating assets of $7,900,000. The company's minimum required rate of return is 12%.

The division's turnover is closest to:

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