The Beatrice company has two divisions, North and South, both of which are treated as investment centers. The following information was collected from the divisions' 2019 financial statements: North South Net operating income (in $ thousands) 17578 9747 Sales (in $ thousands) 153713 91194 End of year operating assets (in $ thousands) 58117 28978 Variable cost (in $ thousands) 74318 40332 Average selling price per unit 12.93 12.47 For simplicity, assume end of year, rather than average, assets are used in all relevant calculations. Beatrice's cost of capital is 0.11. Calculate North division's ROI (3 digits, don't express as a percentage, so e.g., 0.225 rather than 22.5%). Answer: 0.302