Polly Esther Dress Shops, Inc., can open a new store that will do an annual sales volume of $1,285,200. It will turn over its assets 2.8 times per year. The profit margin on sales will be 6 percent.

What would net income and return on assets (investment) be for the year? (Round your return on assets to 1 decimal place. Omit the "$" and "%" signs in your response.)