Each has $23 million in invested capital, has $3.45 million of EBIT, and is in the 40% federal-plus-state tax bracket. Firm HL, however, has a debt-to-capital ratio of 45% and pays 12% interest on its debt, whereas LL has a 30% debt-to-capital ratio and pays only 10% interest on its debt. Neither firm uses preferred stock in its capital structure.. Calculate the rate of return on equity (ROE) for each firm. Round your answers to two decimal places,

ROE for firm LL: %

ROE for firm HL: %