Doonan Corporation has provided the following financial data from its balance sheet and income statement:

	Year 2			Year 1
Total assets	$	1,489,000		$	1,440,000
Stockholders' equity:
Common stock, $4 par value	$	360,000		$	360,000
Additional paid-in capital	$	70,000		$	70,000
Retained earnings	$	570,000		$	550,000
Total stockholders' equity	$	1,000,000		$	980,000
Interest expense	$	15,000
Income taxes (35%)	$	14,162
Net income	$	26,300

The market price of common stock at the end of Year 2 was $4.79 per share.

The companys return on equity for Year 2 is closest to: