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The following data relates to Logan Electric and its Light Bulb Division. Light Bulb Division sales $6, 500,000 Light Bulb Division operating income $780,000 Light

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The following data relates to Logan Electric and its Light Bulb Division. Light Bulb Division sales $6, 500,000 Light Bulb Division operating income $780,000 Light Bulb Division total assets $3, 250,000 Light Bulb Division current liabilities $520,000 Corporate target rate of return 16% Corporate weighted average cost of capital 11% Corporate effective tax rate 45% What is the Light Bulb Division's sales margin? 12% 200% 16% 24%

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