Potter Company is a decentralized wholesaler with five autonomous divisions. The divisions are evaluated on the basis of ROI, with year-end bonuses given to the divisional managers who have the highest ROIs. For current year's operations, Company's Gryffindor Products Division is earning an Net Operating Income of $2,000,000 on the average Operating Assets of $6,400,000. The company requres all Divisions to use 16% as the minimum required return in all their investments. Next year the Gryffindor Products Division has an opportunity to add a new product line that would create operating net income of $384,000 and require additional average operating assets of $1,600,000. 1. What is the Return on Investment (ROI) of Gryffindor Products Division next year, assuming it accepts the new product line (i.e., Division's ROI AFTER adding the new product line)? (Round to 4 decimal places, XX.XX%) 29.80% 31.25% 27.63% 16.00% O24.00%