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

Sales

$$37,280,000$

$$3,208,960$

$$8,800,000$

$14\%$

Net operating income

Average operating assets

The company's minimum required rate of return

The division's margin used to compute ROI is closest to:

Multiple Choice

$32\mathrm{.}2\%$

$36\mathrm{.}5\%$

$23\mathrm{.}6\%$