South Division of Renato Enterprises reported net income of $480,000 in March on sales of $7, 900,000. If this division has no interest expense, an income tax rate of 30 percent, and reported a return on investment of 12 percent, how much is invested capital? Select one: a. More information is needed to determine the answer. b. $2, 800,000 c. $4,000,000 d. $948,000