Scribe Company, a manufacturer of writing instruments, provides the following financial information: Pen Division Pencil Division Operating income $ 100 comma 000 $ 40 comma 000 Net sales $ 500 comma 000 $ 175 comma 000 Total assets at Jan. 1 $ 560 comma 000 $ 300 comma 000 Total assets at Dec. 31 $ 610 comma 000 $ 275 comma 000 Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.)
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