The Brendon Division of Braixen Company makes and sells only one product. Annual data on the Brendon Division's single product follow: Unit selling price, ₱120 Unit variable cost, ₱85 Total fixed costs, ₱200,000 Average operating assets, ₱750,000 Minimum required rate of return, 12% If Brendon sells 16,000 units per year, the RETURN ON INVESTMENT would be ________%.