Fellows and Marshall are partners in an accounting firm and share net income and loss equally. Fellows' beginning partnership capital balance for the current year is $163,000, and Marshall's beginning partnership capital balance for the current year is $306,000. The partnership had net income of $308,000 for the year. Fellows withdrew $22,000 during the year and Marshall withdrew $68,000. What is Marshall's return on equity?

50.3% 22.1% 39.3% 55.5% 44.1%