Mathematics · Return on Investment

Division D currently has $2,000,000 of net assets included in its accounting records on 31 December 20X2 and is showing an operating profit of $280,000. No entries have yet been made for depreciation. However, the accounting records need to be amended for transactions in relation to non-current assets that took place on 30 December 20X2. A machine with a net realisable value of $100,000 was sold for $125,000 and replaced with a machine costing $300,000. A full 20% depreciation charge is applied on machinery in the year of purchase, but no charge is made in the year of sale. What is the revised Return on Investment (ROI) for Division D?