Current Attempt in Progress Ivanhoe Corporation's suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the company's 2024 and 2023 comparative income statements and statement of financial position. The market price of Ivanhoe's common shares was $41.07 and $38.00 on June 30, 2024, and June 30, 2023, respectively. Ivanhoe declared dividends per common share of $0.478 and $0.415 for 2024 and 2023, respectively. IVANHOE CORPORATION Years Ended June 30, 2024 and 2023 (in thousands) Comparative Income Statement Total revenues Total cost of goods sold 2024 2023 $2,270,731 $1,836,769 765,439 568,749 Total operating expenses 1,252,907 874.642 Net income 252,485 309.526 Statement of Financial Position 2024 2023 Total assets $7,445,496 $5,135.410 Total liabilities 3,968,053 3,741,370 Common share capital 1,433,217 819,075 Total shareholders' equity 3,477,443 1,394,040 Weighted average number of common shares outstanding 254,840 243,002 (a1) Calculate the return on shareholders' equity for Ivanhoe in 2024. Note that Ivanhoe's articles of incorporation authorize only common shares. The average return for the shares listed on the Toronto Stock Exchange in a comparable period was 19.8%. (Round answer to 1 decimal place, e.g. 15.2%.) Return on shareholder's equity %