Ringo Corporation had the following results last year (in thousands) . Management's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 35%. 
What is the division's Return on Investment (ROI) ?
Definitions:
Recognition Clause
A provision in a contract that specifies the conditions under which a party acknowledges something as true, such as union recognition in labor contracts.
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.
Economic Scale
Economies of scale, which refer to the cost advantages that enterprises obtain due to size, output, or scale of operation.
Critical Factors
Essential elements or conditions necessary for the success of a business or project.
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