13. The Jackson Company reported the following financial metrics:

Total Debt / Total Assets - 55%

Return on Assets (ROA) - 8%

(Hint: ROA = NI / Total Assets and ROE = NI / Total Equity

What is the firm's Return on Equity (ROE)? (Challenging Question)

a. Between 0 - 4%

b. Between 4% - 8%

c. Between 8% - 12%

d. Between 12% - 16%

e. Between 16% - 20%

f. Between 20% - 24%