During 2016, Linda, Inc.s net income was $1,400,000. Its common stockholders equity was $2,160,000 at January 1, 2016 and $3,440,000 at December 31, 2016. During 2016, Cooper had 10,000 outstanding shares of 6%, $300 par value cumulative preferred stock. During December, 2016, Lindas board of directors declared the annual preferred stock dividend and a $240,000 common stock dividend. What is Lindas 2016 return on common stockholders equity?

Select one:

A. 50.0%

B. 41.4%

C. 43.6%

D. 35.0%