TB MC Qu. 12-75 Cabal Products is a division of a major corporation.

Cabal Products is a division of a major corporation. Last year the division had total sales of $8,790,000, net operating income of $428,400, and average operating assets of $3,000,000. The company's minimum required rate of return is 14%.

The division's margin is closest to:

4.9%

44.7%

14.3%

38.9%