Consider a retail firm with a net profit margin of 3.81%, a total asset turnover of 1.75, total assets of $42.3million, and a book value of equity of $18.8million. a. What is the firm's current ROE? b. If the firm increased its net profit margin to 4.42%, what would be its ROE? c. If, in addition, the firm increased its revenues by 25%(maintaining this higher profit margin and without changing its assets or liabilities), what would be its ROE?

What is the firm's current ROE?

The firm's current ROE is ___% ? (Round to one decimal place.)