Grease Gouger's ROE last year was only 8%; but its new management lead by Lisa Simpson has developed a new operating plan that calls for a debt-to-assets ratio of 60% (assume total assets = total invested capital), which will result in annual interest charges of $400,000. The firm has no plans to use preferred stock. Management projects an EBIT of $1,100,000 on sales of $11,000,000, and it expects to have a total assets turnover ratio of 2.0. Under these conditions, the tax rate will be 35%. If the changes are made, what will be the company's return on equity? A. 20.7% B. 8.3% C. 23.1% D. 15.8% E. 18.4%