A company has no debt outstanding and a total market value of $186,000. Earnings before interest and taxes, EBIT, is projected to be $31,000 if economic conditions are normal. If there is a good surprise, then EBIT will be 31 percent higher. If there is a bad surprise, then EBIT will be 44 percent lower. The company is considering a $68,000 debt issue with an interest rate of 9 percent. The proceeds will be used to repurchase shares of stock. There are currently 7,500 shares outstanding Assume the market-to-book ratio is 1.0there are no taxes for this problem, and the company goes through with the recapitalization before any surprise occurs. What will return on equity, ROE, be if there is a bad surprise? Enter your answer in the box shown below as a decimal number (not as a percentage) with 4 digits to the right of the decimal point