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In the latest year, Photon, Inc. reported $289,000 in net income. The firm maintains a debt ratio of 27% and has total assets of $4,000,000.

In the latest year, Photon, Inc. reported $289,000 in net income. The firm maintains a debt ratio of 27% and has total assets of $4,000,000. What is Photon's return on equity? (Round your percentage answer to one decimal place.)

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