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Daab Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $11,520,000 Net operating income

Daab Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales $11,520,000
Net operating income $322,560
Average operating assets $3,000,000
The company's minimum required rate of return 10%

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

10.8%

41.5%

0.3%

2.2%

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