Hartzog Corporation's most recent balance sheet and income statement appear below:

Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars)
	Year 2	Year 1
Assets
Current assets:
Cash	$ 190	$ 160
Accounts receivable	270	250
Inventory	140	150
Prepaid expenses	50	50
Total current assets	650	610
Plant and equipment, net	720	730
Total assets	$1,370	$1,340
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 210	$ 180
Accrued liabilities	30	30
Notes payable, short term	90	90
Total current liabilities	330	300
Bond payable	150	170
Total liabilities	480	470
Stockholders' equity:
Preferred stock, $100 par value, 4.0%	100	100
Common stock, $2 par value	400	400
Additional paid-in-capital--common stock	180	180
Retained earnings	210	190
Total stockholders' equity	890	870
Total liabilities & stockholders' equity	$1,370	$1,340

Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars)
Sales (all on account)	$1,360
Cost of goods sold	780
Gross margin	580
Selling and administrative expense	448
Net operating income	132
Interest expense	26
Net income before taxes	106
Income taxes (30%)	32
Net income	$ 74

Dividends on common stock during Year 2 totaled $50 thousand. Dividends on preferred stock totaled $4 thousand. The market price of common stock at the end of Year 2 was $7.05 per share.

The return on common stockholders' equity for Year 2 is: (Round your answer to 2 decimal places.)

7.87%

9.49%

8.97%

8.46%