nike , inc .
notes to consolidated financial statements 2014 ( continued ) such agreements in place .
however , based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to the company 2019s financial position or results of operations .
in the ordinary course of its business , the company is involved in various legal proceedings involving contractual and employment relationships , product liability claims , trademark rights , and a variety of other matters .
the company does not believe there are any pending legal proceedings that will have a material impact on the company 2019s financial position or results of operations .
note 16 2014 restructuring charges during the fourth quarter of fiscal 2009 , the company took necessary steps to streamline its management structure , enhance consumer focus , drive innovation more quickly to market and establish a more scalable , long-term cost structure .
as a result , the company reduced its global workforce by approximately 5% ( 5 % ) and incurred pre-tax restructuring charges of $ 195 million , primarily consisting of severance costs related to the workforce reduction .
as nearly all of the restructuring activities were completed in the fourth quarter of fiscal 2009 , the company does not expect to recognize additional costs in future periods relating to these actions .
the restructuring charge is reflected in the corporate expense line in the segment presentation of pre-tax income in note 19 2014 operating segments and related information .
the activity in the restructuring accrual for the year ended may 31 , 2009 is as follows ( in millions ) : .

Restructuring accrual — June 1, 2008
$—
Severance and related costs
195.0
Cash payments
(29.4)
Non-cash stock option and restricted stock expense
(19.5)
Foreign currency translation and other
3.5
Restructuring accrual — May 31, 2009
$149.6

the accrual balance as of may 31 , 2009 will be relieved throughout fiscal year 2010 and early 2011 , as severance payments are completed .
the restructuring accrual is included in accrued liabilities in the consolidated balance sheet .
as part of its restructuring activities , the company reorganized its nike brand operations geographic structure .
in fiscal 2009 , 2008 and 2007 , nike brand operations were organized into the following four geographic regions : u.s. , europe , middle east and africa ( collectively , 201cemea 201d ) , asia pacific , and americas .
in the fourth quarter of 2009 , the company initiated a reorganization of the nike brand business into a new operating model .
as a result of this reorganization , beginning in the first quarter of fiscal 2010 , the nike brand operations will consist of the following six geographies : north america , western europe , central/eastern europe , greater china , japan , and emerging markets .
note 17 2014 divestitures on december 17 , 2007 , the company completed the sale of the starter brand business to iconix brand group , inc .
for $ 60.0 million in cash .
this transaction resulted in a gain of $ 28.6 million during the year ended may 31 , 2008. .

Question: Analyse this data from a financial earnings document. what was the percentage gain on the sale of starter brand business?
Choices:
0.00911
0.15924
0.715
0.91083
0.63694
Correct choice index: 3