Fongeallaz Corporation's income statement for Year 2 appears below Income Statement Sales (all on account) Cost of goods sold Gross margin Operating expenses Net operating income Interest expense Net income before taxes Income taxes (35%) Net income $1,360,000 870,000 490,000 416,286 73,714 18,000 55,714 16,714 $39.000 The company's total stockholders' equity at the end of Year 2 amounted to $841,000 and at the end of Year 1 to $810,000. The company's return on equity for Year 2 is closest to: 64.40% 8.93% 6.75% 4.72%