Pecs Alley is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The Springfield Club reported the following results for the past year:

Sales

$750,000

Net operating income

$16,000

Average operating assets

$102,000

Assume that the manager of the club is able to reduce expenses by $2,800 without any change in sales or operating assets. What would be the clubs return on investment (ROI)? (Round interim calculations to 2 decimal places. Round your answer to the nearest whole percentage. Omit the "%" sign in your response.)

Return on investment

%