Excerpts from Bellis Corporation's most recent balance sheet appear below: Year 2 Year 1 Preferred stock...................................... $ 100,000 $ 100,000 Common stock...................................... 300,000 300,000 Additional paid-in capitalcommon stock.................................................. 370,000 370,000 Retained earnings.................................. 480,000 390,000 Total stockholders equity..................... $1,250,000 $1,160,000 Net income for Year 2 was $160,000. Dividends on common stock were $47,000 in total and dividends on preferred stock were $23,000 in total. The return on common stockholders' equity for Year 2 is closest to:

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