Assume Meyer Corporation is $50$ percent equity financed. Calculate the return on equity, given the following information:

$(1)$ Earnings before interest and tax $=$$$2,600$

$(2)$ Sales $=$$$10,000$

$(3)$ Interest expense $=$$$1000$

$(4)$ Total assets turnover $=2\mathrm{.}0$

$(5)$ Applicable tax rate $=50\%$

a$.25\%$

b$.32\%$

c$.35\%$

d$.42\%$

e$.48\%$