Falcons Inc has the following balance sheet and income statement data:

Cash	$14,000	Accounts payable	$53,000
Receivables	$70,000	Other current liab.	$37,000
Inventories	$270,000	Total CL	$90,000
Total CA	$354,000	Long-term debt	$110,000
Net fixed assets	$136,000	Common equity	$290,000
Total assets	$490,000	Total liab. and equity	$490,000
Sales	$280,000
Net income	$23,000

The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.7, without affecting either sales or net income. Assuming that inventories are sold off and not replaced to get the current ratio to the target level, and that the funds generated are used to buy back common stock at book value, by how much would the ROE change?