ABC's return on equity (ROE) was very poor last year, but management has come up with a plan to improve things. The new plan calls for a debt ratio of 58 percent, which will generate interest expenses of $327,000 per year. Management projects that the operating profit margin will be 12.7 percent on sales of $13 million. They project a total asset turnover ratio of 1.9 and a tax rate of 40 percent. Given that information, what will be ABC's ROE under the new plan? (show your answer in decimal form to at least 3 decimal places, so if you calculated net income of 1,000 and equity of 3,000 then you would enter 0.333)