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ABC company opened a new branch with an initial investment of $50,000,000.00. During the first year, ABC generated revenue of $25,000,000.00 and profit of $3,000,000.00.

ABC company opened a new branch with an initial investment of $50,000,000.00. During the first year, ABC generated revenue of $25,000,000.00 and profit of $3,000,000.00. What is ABC 's return on investment? (Please round your answer to two decimal places) Enter your answer with decimals or commas (ex 0.03)

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