The New Products Division of Testar Company had operating income of $8,300,000 and operating assets of $45,100,000 during the current year. The New Products Division has developed a potential new product that would require $8,800,000 in operating assets and would be expected to provide $1,700,000 in operating income each year. Testar has set a target return on investment (ROI) of 17% for each of its divisions. Assuming that the new product is put into production, calculate the division's ROI. (Round your final answer to 2 decimal places.) Multiple Choice 19.32% 18.55% The answer cannot be determined using the information provided. 18.40%