Attempts Keep the Highest /:1 6. Problem 4.14 (Return on Equity) Pacific Packaging's RoE last year was only 2%, but its management has developed a new operatine plan thak calis for a debt-to-capital ratia of 4o\%h, which will result in annual interest charges of 3552,000 . The firm has no plans to ve preferred itoch, and total assets equat total irvested cacital, Mansgenent projecta an E0tT of $876,000 on sales of $12,000,000, and it expects to have a total ascets rimever fatio of 2.4 Under these conditicnt, the tax rate wal be 250 . It the changes are made, what will be the company's return on equity? Do not round interminitate calcilatione. Round your anwer to fwo decimal place