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Use this information for Kellman Company to answer the question that follow.

The balance sheets at the end of each of the first two years of operations indicate the following:

Kellman Company
	Year 2	Year 1
Total current assets	$610,100	$574,800
Total investments	60,000	40,500
Total property, plant, and equipment	898,900	693,700
Total current liabilities	107,400	84,900
Total long-term liabilities	283,500	228,500
Preferred 9% stock, $100 par	88,500	88,500
Common stock, $10 par	548,800	548,800
Paid-in capital in excess of parCommon stock	67,100	67,100
Retained earnings	473,700	291,200

Using the balance sheets for Kellman Company, if net income is $107,400 and interest expense is $43,600 for Year 2, what is the return on stockholders' equity for Year 2 (rounded to two decimal places)?

a. 9.88%

b. 10.07%

c. 10.37%

d. 9.71%