1. The income statement for the Commercial Construction Division of the Kenyon Company is as follows: 
2. 
   
3. Sales $272,000 
4. 
   
5. Operating expenses 132,000 
6. 
   
7. Net operating income 140,000 
8. 
   
9. Interest expense 20,000 
10. 
    
11. Earnings before taxes 120,000 
12. 
    
13. Income tax expense (30%) 36,000 
14. 
    
15. Net income $84,000 
16. 
    
17. If this division’s invested capital is $500,000, how much is its return on investment?