ellook which will result in annual D Problem Walk-Through Pacific Packaging's ROE last year was only 2%, but its management has developed a new operating plan that calls for a debt-to-capital ratio of 40%, Interest charges of $720,000. The firm has no plans to use preferred stock and total assets equal total invested capital. Management on sales of $18,000,000, and it expects to have a total assets turnover ratio of 3.1. Under these conditions, the tax rate will be 25%. If the changes are made, what will be the company's return on equity? Do not round intermediate calculations. Round your answer to two decimal projects an EBIT of $1,548,000 places