Herring Corporation has operating income of $255,000 and a 25% tax rate. The firm has short-term debt of $132,000, long-term debt of $314,000, and common equity of $446,000. What is its return on invested capital? Enter answer as a percentage (i.e., 0.10 and 10% would be 10). Round to 2 decimal places.

a.10 and 10% would be 10), Round to 2 decimal places