Cisco Systems wishes to analyze the joint impact of its working capital investment and financing policies on shareholder return. The company has $24 million in fixed assets. Cisco wishes to maintain a debt ration of 40%. The company's tax rate is also 40%. The following information was developed for the two policies under consideration (dollars in millions):

Aggressive Conservative

Investmewnt in current assets $28 $34

Amount in short term debt $16 $10

EBIT $5.4 $5.8

Interest rate-LTD (%) 12.0 11.0

Interest rate-STD (%) 7.5 7.0

For the aggressive approach, Cisco's ROE is?

And for the conservative approach, Cisco's ROE is?

You can charge me for two questions.