Question: only one question The following data relates to the Miracle Corporation and its Toy Division. Toy Division sales $8,000,000 Toy Division operating income $480,000 Toy

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The following data relates to the Miracle Corporation and its Toy Division. Toy Division sales $8,000,000 Toy Division operating income $480,000 Toy Division total assets $2,000,000 Toy Division current liabilities $600,000 Corporate target rate of return 14% Corporate weighted average cost of capital 10% Corporate effective tax rate 30% What is the Toy Division's Return on Investment (ROI)

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