$5.$ The following information is available for Gaynor Corporation:

Beginning common stockholders$$ equity $ $700,000$

Dividends paid to common stockholders $ $50,000$

Dividends paid to preferred stockholders $ $30,000$

Ending common stockholders$$ equity $ $1,000,000$

Net income $ $217,000$

Instructions

Based on this information, calculate the return on common stockholders$$ equity. SHOW YOUR WORK.

Return on common stockholders$$ equity $==$