The Axle Division of LaBate Company makes and sells only one product. Annual data on the Axle Division's single product follow:

Unit Selling Price	$70
Unit Variable Cost	$50
Total Fixed Costs	$180,000
Average Operating Assets	$720,200
Minimum Required Rate of Return	12%

If Axle sells 16,000 units per year, what would be the return on investment? (Round your final answer to nearest whole percent).

Multiple Choice

1) 15%

2) 18%

3) 12%

4) 19%