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In the latest year, Photon, Inc. reported $260,743 in net income. The firm maintains a debt ratio of 29% and has total assets of $3,188,155.

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In the latest year, Photon, Inc. reported $260,743 in net income. The firm maintains a debt ratio of 29% and has total assets of $3,188,155. What is Photon's return on equity? Round your percentage answer to two decimals if needed. Do not type the % symbol

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