• AlphaWave Solutions has reported a net income of $3.9 million for the fiscal year ending December 31, 2023. The company had total assets of $18 million and total liabilities of $10 million at the end of the year. During the year, AlphaWave Solutions issued additional shares, increasing the total equity by $1.6 million. Calculate the return on equity (ROE) for AlphaWave Solutions for the fiscal year 2023.