The Millard Division's operating data for the past two years are provided below:

	Year 1	Year 2
Return on investment	12%	36%
Net operating income	?	$ 600,000
Turnover	?	3
Margin	?	?
Sales	$ 3,320,000	?

Millard Division's margin in Year 2 was 150% of the margin in Year 1.

The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole percent.)

Multiple Choice

$400,000

$265,600

$398,400

$796,800